Pangea DiamondFields to raise up to US$15 million
Mid-tier diamond producer Pangea DiamondFields plc is proposing to raise up to US$15 million to be put toward its own working capital by way of an open offer of up to 2,007,745,770 new ordinary shares of US$0.005 each at a price of 0.5 pence per share.
On the same day PotashCorp cut the ribbon on a $410-million expansion at its Lanigan mine in Saskatchewan, it also said it would invest US$1.6 billion to ramp up production to 18 million tonnes by the end of 2012.