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Additional Information
Market: AIM, TSX-V
Sector: General Mining
EPIC: AFF
Latest Price: 0.82  (0,00%)
52-week High: 1.85
52-week Low: 0.61
Market Cap: 86.11M
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Afferro Mining
www.afferro-mining.com

Afferro Mining Inc. is an established TSX and AIM listed iron ore development company with projects in west Africa.

The Company is managed by a team with strong track records in the discovery and development of new commercial deposits.

Full Afferro Mining profile here
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Mano River unit Stellar Diamonds’ Mandala mine exports first stones to Antwerp

21st May 2009, 12:24 pm
Mano River unit Stellar Diamonds’ Mandala mine exports first stones to Antwerp

Mano River Resources Inc (TSX-V: MNO; AIM: MANA) reported on operations of its 59.6 percent held unit Stellar Diamonds Ltd, saying the first diamonds from the Mandala alluvial diamond mine in Guinea have recently been exported to Antwerp for valuation and sale, to test market conditions.

The Mandala project, 85 percent owned by Stellar, entered commercial production in April 2009 and has produced 7,600 carats to date at an average grade of 44 carats per hundred tons.

Modifications to the plant will see the daily production increase from the current average of 300 cubic meters per day to around 500 cubic meters per day in the near future.

Underground trial mining at the Kono project in Sierra Leone, in which Stellar holds 49 percent, has produced 4,400 carats to date. A parcel of 2,697 carats of diamonds was recently exported to Antwerp for sale, but prices were far below the ones achieved at the last sale in September 2008.

Due to the present adverse conditions in the diamond market, Stellar and its 51 percent joint venture partner, Petra Diamonds Ltd, have agreed to place the Kono project onto temporary care and maintenance until the rough diamond market improves.

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