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Vaaldiam Mining Inc. is a Canadian-based diamond mining and
exploration company listed on the Toronto Stock Exchange
(symbol: VAA) with two established mines in Brazil, advanced
exploration projects in Brazil and Canada, a royalty
interest in a copper project in Peru and investments in Canadian public and private companies.
Vaaldiam holds 100% interests in the Duas Barras and Chapada alluvial
diamond mines. The Duas Barras Mine is scheduled to reopen
in June 2010 and projected to produce 20,000 carats in 2010
and 40,000 carats in 2011 with average revenue of US$150 per
carat. The Chapada Mine is expected to reopen in 2011.
Chapada produced over 33,000 carats from 2006 to 2008 at
average US$394 per carat. Vaaldiam’s operations rank amongst
the highest value diamond producers in the world.
Vaaldiam
also holds interests in three advanced-stage kimberlite
diamond deposits and owns a large exploration database of
kimberlite occurrences in Brazil. The Brauna kimberlite
project is carrying out bulk sampling with a development
decision expected in 2010. Vaaldiam owns 20% of Brauna with
a right to increase to 49%.
In Peru, Vaaldiam has a
sliding-scale NSR royalty interest in the Pukaqaqa
copper/gold project and will also receive US$ 8 million when the
open pit mine goes in production.
Vaaldiam is in the process
of selling the Kwale Mineral Sands project in Kenya for US$
3 million in cash and a 1.5% royalty. The company hopes to
conclude the transaction in the second quarter of 2010.
Vaaldiam has a 20% equity interest in Freegold Ventures
Ltd., a promising gold exploration company with properties
in Alaska and has made a US$ 3.4 million investment in Kivu
Gold Corp., a private exploration company with properties in
East Africa.
Corporate Vision
To develop and safely operate economic and environmentally sustainable diamond
mining operations for the long-term benefit of Vaaldiam’s shareholders, employees and local communities.
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