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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Van Dieman | LSE:VDM | London | Ordinary Share | GB00B03HFG82 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.875 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3438Y Van Dieman Mines plc 14 June 2007 VAN DIEMAN MINES PLC Sapphire Marketing Joint Venture Signed Van Dieman Mines plc ("Van Dieman" or "The Company"), the AIM listed mining company which is developing tin and sapphire mines in Tasmania, Australia announces it has recently entered into a joint venture agreement in relation to the marketing of all its gem product from its Scotia and Endurance mining operations, in north east Tasmania, Australia. The joint venture between the Company and Columbia Gem House, Inc (CGH) is to operate through a Limited Liability Company, V Columbia owned 50% by each party. CGH is contracted to V.Columbia to handle all cutting, heat treating or processing functions required by V.Columbia. Gem materials covered under this arrangement will include sapphire, topaz, zircon and other crystalline materials recovered from the Company's mining operations which are expected to begin during the second half of the year. The Company's mining operations and Columbia Gem House, Inc.'s cutting operation meet all of the Columbia Gem House, Inc.'s fair trade and environmental protocols. CGH continues in association with Crystal Chemistry, a specialist gem treatment group operated by Dr. J. Emmett of Vancouver, Washington, USA, to conduct gem testing and treatment protocols in relation to the Company's gem product, in particular the sapphire component. Sales and marketing of black spinel, one of the Company's gemstone products, commenced at the Las Vegas Jewelry Show, May 31 to June 4, 2007. In relation to this product CGH has completed a number of innovative jewellery designs using the Company's black spinel gem product and has presented these at the American Gem Trader's Association (AGTA) Las Vegas Gem Show. All eighteen new designs have been produced using spinel as the featured gem. CGH has also commenced cutting spinel material to satisfy anticipated orders resulting from the Las Vegas Show and from other marketing programmes already underway. Clive Trist, Managing Director commented: "This is another major step forward for the Company. As we await final and formal approval to commence mining, which is expected shortly, we now have agreements in place covering the sale of all the expected tin production and the marketing of the gem stones. These agreements allow us to move forward with confidence as we begin mining operations. A copy of the CGH Joint Venture announcement to the Las Vegas Gem Show can be viewed on the Company's web site at www.vandiemanmines.com. 14 June, 2007 ENQUIRIES: VAN DIEMAN MINES plc Tel: +61 (0) 2 8908 5103 Clive Trist, Managing Director Email: clive.trist@vandiemanmines.com GRANT THORNTON CORPORATE FINANCE Tel: +44 (0) 20 7383 5100 Fiona Owen BANKSIDE CONSULTANTS Tel: +44 (0) 20 7367 8888 Michael Padley This information is provided by RNS The company news service from the London Stock Exchange END JVEGUUQWQUPMUBC
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