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Karelian Diamonds Advances on Finnish Mine Development

Karelian Diamonds Advances on Finnish Mine Development

Karelian Diamond Resources (GB:KDR) has released an update.

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Karelian Diamond Resources PLC has moved closer to developing the Lahtojoki diamond mine in Finland as the Finnish Land Court upheld the original mine boundary and dismissed most compensation claims by landowners, referring only three items for review. The mine, awaiting final settlement on landowner compensation, is poised to be the EU’s first diamond mine and is expected to significantly benefit the local area with its high-quality and rare colored diamonds.

For further insights into GB:KDR stock, check out TipRanks’ Stock Analysis page.

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