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DUBAI: CITIGATE DEAL WITH STELLAR DIAMONDS.

Summary: Citigate Commodities Trading Limited, the Dubai-based commodities trading company, announced the signing of head of terms with Stellar Diamonds, the London Stock Exchange listed diamond development company focused on West Africa.

Citigate Commodities Trading Limited, the Dubai-based commodities trading company, announced the signing of head of terms with Stellar Diamonds, the London Stock Exchange listed diamond development company focused on West Africa. The agreements include a Baoule kimberlite mining project in Guinea that has a resource estimation of approximately 3 million carats and two exploration licenses in western Liberia, which have recently been awarded to Stellar Diamonds.

Citigate Commodities Trading Limited-via its subsidiary Safa Afrique Limited, a diamond exploration and development company appointed to develop and operate West Africa's diamond resources, would fully acquire the Guinean and Liberian mines pursuant to the joint venture agreements with Stellar Diamonds.

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Publication:EMBIN (Emerging Markets Business Information News)
Geographic Code:7UNIT
Date:Aug 29, 2016
Words:154
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