DiamondCorp Secures R220 Million Loan

Mining Weekly reported DiamondCorp (LSE:DCP) reported the Industrial Development Corporation (IDC) has extended a project loan of R220 million loan.

As quoted in the market news:

The loan would be used at DiamondCorp’s 74%-owned subsidiary Lace Diamond Mines, outside Kroonstad, in South Africa’s Free State province, for underground development and purchasing of mining equipment.

Click here to read the full Mining Weekly report.