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Majestic options South African kimberlite mine

PERTH-headquartered diamond producer Majestic Resources said today it had struck an option arrang...

James Hamilton
Majestic options South African kimberlite mine

The deal, which is subject to a five-months due diligence clause, will see Majestic pay US$5.75 million for the mine, which produces 20,000 carats per annum. In addition to the purchase price, a royalty...

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