November 15, 2010 Pre‐production resumed in the third quarter of 2010, focused on pre‐stripping and plant commissioning.Commissioning of the plant commenced in August with newly‐mined low‐grade transitional gravels and stockpiled gravels from 2008 operations. Diamonds recovered during pre‐production in the third quarter amounted to 643 cts.
September 22, 2008 Vaaldiam Resources announced that it is securing up to US$20 million of debt financing. Funds raised would be used for the further development of the Duas Barras mine, completion of the feasibility study on the Braúna kimberlite project, and for general working capital purposes.
September 2, 2008 Recent activities have been focused on improving diamond grade control during mining, increasing diamond and gold recoveries in the processing plant, and the further reduction of operating costs. For example, two X-Ray diamond recovery units have been installed to improve diamond recovery and security, and the primary screen size in the feed preparation circuit has been reduced to 1.6 mm from 2.0 mm to increase diamond recovery.