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Gem Diamonds buys UK miner for $83 MN

Acquires 80% interest in Indonesian alluvial diamond mine

Post By : Diamond World News Service On 11 April 2007 12:00 AM
TAMIJA Gold & Diamond Exploration Inc., with headquarters in Hallandale Beach, Florida, commenced trading on September 5, 2006.%%The junior diamond mining company is exploring two licensed properties in the Central African Republic (CAR.) Tamijas Boda and Bria properties in CAR have demonstrated, through successful existing efforts of small-scale artisanal digging and other low volume mining methods on site, the existence of large amounts of gem-quality diamonds, according to reports.%%Surveys also indicated encouraging data related to the potential recovery of gold on Tamijas properties. The company is awaiting approval from the government for full-scale exploration and production of diamonds and gold.

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