West Perth-based minerals developer Dwyka Resources Ltd will sell its diamond and industrial subsidiary Dwyka Diamonds Holdings Ltd to UK-based KimCor Diamonds Plc through a scrip issue worth around $21.7 million.
Perth diversified minerals developer and producer Dwyka Resources Ltd has issued almost 4 million shares to Savinara Company SA in relation to the earn-in agreement with Swazi Gold Ventures Pty Ltd to acquire 50 per cent of their company.
West Perth diamond developer and producer Dwyka Diamonds Ltd has signed an earn-in agreement with BHP Billiton worth $6.6 million, which will see the giant earn a 50 per cent interest in subsidiary Danyland Ltd.
West Perth diamond developer and producer Dwyka Diamonds Ltd will diverisfy into nickel with the acquisition of a nickel project in Burundi for around $6.4 million, to be funded through a share purchase plan and placement.
West Perth diamond developer and producer Dwyka Diamonds Ltd will move to 70 per cent ownership of the De Beers Tailings joint venture, under an agreement with South African company Kolong Investment Holdings Pty Ltd.