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By Don Whiteley
Petroleum News Contributing Writer 

De Beers, Tahera to develop adjacent to Jericho diamond project

Tahera to spend $11M by '08 to earn 50% interest in property; De Beers will operate larger projects

 

Last updated 6/20/2004 at Noon



International diamond giant De Beers and Canadian junior mining company Tahera Corp. have signed an agreement to jointly explore and develop 36,000 hectares of de Beers' land adjacent to the Jericho diamond project in Nunavut.

According to the terms of the agreement, Tahera will spend $11 million by 2008 to earn a 50 percent interest in the property. The agreement has been structured so that e...



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