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River
Diamonds all set to be listed in the investment
Market.
(August 23, 2004)... Having raised $3 million,
River Diamonds will list itself next week on London's Alternative Investment
Market (AIM).
Compared to the gloomy figure of $
89 million for the whole of 2003, miners have
raised around $356 million this year as indicated
by a report from London based "The Independent"
newspaper on August 21. This trend has made the
AIM a market of choice for smaller international
mining companies.
Among
other major listings were South Africa's
TanzaniteOne which after raising $9 million listed
itself on the AIM on August 20. The first day's
trading closed at $0.79 per share from an initial
offer price of $0.76. TanzaniteOne focuses its
business operations on mining, trading and
marketing of tanzanite and realizes the need for
additional funds to further its objectives for
exploration for new sources of gemstones.
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