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 Octea Mining Group

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updated Sat. March 2, 2019

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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.

... 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 terms of the transaction require Stellar to fund the capital development of the combined Tongo-Tonguma mining operation in return for a de-facto 90% revenue share of future project revenues, once Stellar has fully recouped its capital outlay. Stellar and Octea continue to work together to extend the ...
Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has agreed with Octea Mining to extend the longstop date (for the satisfaction of certain of the conditions precedent of the binding Tribute Mining and Revenue Agreements ( "Agreements") in ...
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 ...
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 ...
“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 ...
Octea will continue to hold the Tonguma mining licence through its subsidiary company Tonguma and Stellar will continue to own its adjacent Tongo licence and subsidiary company Sierra Diamonds. Stellar will also own certain infrastructure and capital items procured for and used at the mine ...
However, Stellar opted out of the proposed acquisition and, instead, has agreed to run the mine and sell the extracted diamonds, paying a 10% of the revenue after deduction of government royalties to Octea. The new deal, which is pending legal and government approval, was unveiled as the company ...
Instead, diamond development company Stellar Diamonds and Octea Mining intend to enter into a tribute mining agreement, which would allow Stellar Diamonds to mine the Tonguma licence area in eastern Sierra Leone alongside Stellar's own Tongo project and process and sell any diamonds mined ...
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.
Both say they are owed money by a mining company owned by one of the world's richest mining magnates. Israeli billionaire Beny Steinmetz owns Octea, which has a 25-year lease to operate Koidu's diamond mine. Despite sitting on some of the world's most valuable diamonds – the 965-carat Star of ...
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.
"The terms of the transaction require Stellar to fund the capital development of the combined Tongo-Tonguma mining operation in return for a de-facto 90% revenue share of future project revenues, once Stellar has fully recouped its capital outlay. Stellar and Octea continue to work together to extend the ...
Stellar Diamonds plc, the London listed diamond development company focused on West Africa, announces that it has agreed with Octea Mining to extend the longstop date (for the satisfaction of certain of the conditions precedent of the binding Tribute Mining and Revenue Agreements ( "Agreements") in ...
Stellar further highlighted discussions with Octea Mining over an extension to the tribute mining agreement longstop date, with expectations of securing an extension in the near future. The company also continued discussions with certain funding groups for the capital requirements for the Tongo-Tonguma ...
Furthermore, Stellar Diamonds has agreed with Octea Mining to extend the long-stop date for the satisfaction of certain of the conditions ...
Furthermore, Stellar Diamonds has agreed with Octea Mining to extend the long-stop date for the satisfaction of certain of the conditions ...
The mining licence has been approved by the Minerals Advisory Board ... Meanwhile, Stellar has agreed with diamond junior Octea Mining to ...
The mining licence has already been approved but was contingent on the environmental licence. Stellar has also agreed with Octea Mining to ...
Furthermore, the company agreed with Octea Mining to extend the longstop date (for the satisfaction of certain of the conditions precedent of ...
Furthermore, the Company has agreed with Octea Mining to extend the longstop date (for the satisfaction of certain of the conditions precedent ...
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 ...
... has minimised as a result of the new underground mining approach used by the OCTEA Mining Company. The UN Special Rapporteur also ...
Stellar Diamonds has signed a legally binding conditional tribute mining agreement and revenue share agreement with Octea Mining in ...
Stellar Diamonds has signed a legally binding conditional tribute mining agreement and revenue share agreement with Octea Mining in ...
AIM-quoted Stellar Diamonds has signed a legally binding conditional tribute mining agreement and revenue share agreement with Octea ...
“These agreements with Octea . . . will allow Stellar to build a single mine for the simultaneous commercial production from the contiguous ...
Proceeds of the placing and the open offer, as well as a $175,000 management fee, will be use to advance the deal with Octea Mining, the ...
Stellar Diamonds' has terminated its discussions with Octea Mining concerning the proposed acquisition of its mining licence over the ...
Instead, Stellar and Octea intend to enter into a tribute mining agreement, which will allow Stellar to fund and mine the Tonguma licence area, ...


 

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