Octea Mining Group

The deal should enable the combined entity to focus on the development of the high-grade and high-value Tongo-Tonguma Project through the Tongo exploration licence owned by Stellar and the Tribute Mining Agreements with Octea Mining Limited which holds the Tonguma Licence. Newfield also holds ...

Following receipt by Stellar Diamonds of a US$3 million loan from Newfield, all conditions precedent in respect of the Tribute Mining Agreements with Octea Mining (Octea), which set out the economic terms for development of the Tongo-Tonguma Project, have been satisfied or waived and the transaction ...

UK-based Stellar Diamonds has finalised tribute mining and revenue share agreements with Octea Mining regarding the Tongo-Tonguma kimberlite diamond project in eastern Sierra Leone. The move follows the satisfaction or waiver of the conditions precedent to the agreements, including satisfaction of ...

“The closure of the agreements with Octea mark a major milestone for Stellar as it secures the Tongo-Tonguma project for the planned long-term development programme. We have already commenced the front end engineering design (FEED) programme and have signed a contract for 9 000 m of mine ...

Chief Executive Karl Smithson said: "The closure of the agreements with Octea mark a major milestone for Stellar as it secures the Tongo-Tonguma project for the planned long-term development programme. We have already commenced the front end engineering design programme and have signed a ...

Stellar Diamonds plc (LSE:STEL) announced the completion of the tribute mining agreement and revenue share agreement with Octea Mining Limited in ... The closure of the Agreements with Octea mark a major milestone for Stellar as it secures the Tongo-Tonguma project for the planned long-term ...

... country including 18 year old Alima Sheriff Kama of APEX International School, Police Crackdown on a protest by workers for Iron Ore Miners African Minerals in Bumbuna, killing one woman and injuring six others, striking miners killed in the Kono Mines of OCTEA Diamond while the then Vice President, ...

The Tonguma project is adjacent to Stellar's Tongo project and is presently owned by Octea Mining Limited (Octea). Stellar is party to a Tribute Mining and Revenue Share Agreement with Octea pursuant to which, conditional upon certain completion conditions, Stellar will have an economic interest in the ...

The offer aims to merge the business interests of NWF and Stellar in Sierra Leone and bring the necessary funding to advance the high-grade and high-value Tongo-Tonguma project, which Stellar holds through its own licences and the tribute mining and revenue share agreements with Octea Mining.

Once the environmental licence has been issued the National Minerals Agency will draw up the Tongo mining licence for consideration and signature by the Minister of Mines and Minerals Resources. Furthermore, Stellar Diamonds has agreed with Octea Mining to extend the longstop date (for the ...

The issue of the previous sound pollution, blasting of rocks, etc. had adverse effects on mining communities, but this he said, has minimised as a result of the new underground mining approach used by the OCTEA Mining Company. The UN Special Rapporteur also held closed-door meetings with the Kono ...

Stellar Diamonds has signed a legally binding conditional tribute mining agreement and revenue share agreement with Octea Mining in connection with the Tongo-Tonguma kimberlite project in eastern Sierra Leone. The deal is expected to create near and long term cash-flows for Stellar. The companies ...

AIM-quoted Stellar Diamonds has signed a legally binding conditional tribute mining agreement and revenue share agreement with Octea Mining.Stellar Diamonds, the West Africa diamond exploration and development company, has signed the agreement in respect of the Tongo-Tonguma kimberlite ...

“We are delighted to have signed these agreements with Octea Mining which, subject to completion, will allow us to build a single mine for the simultaneous commercial production from the contiguous Tongo (Stellar Diamonds) and Tonguma (Octea Mining) kimberlite deposits,” says Stellar Diamonds CEO, ...

Shares in West Africa-focused Stellar Diamonds (LON:STEL) were up more than 7% Friday after the company announced it had signed a tribute mining and revenue share agreement with junior Octea Mining for the Tongo-Tonguma diamond project in eastern Sierra Leone. The deal, which will allow for ...

Stellar Diamonds' has terminated its discussions with Octea Mining concerning the proposed acquisition of its mining licence over the Tonguma kimberlite diamond project. Instead, diamond development company Stellar Diamonds and Octea Mining intend to enter into a tribute mining agreement, which ...

Instead, Stellar and Octea intend to enter into a tribute mining agreement, which will allow Stellar to fund and mine the Tonguma licence area, alongside its own Tongo project, and process and sell any diamonds mined from these concessions, in return for paying Octea 10% of the gross sales revenue.