Tahera Defers Credit Repayments to Tiffany

Tahera, a Canadian diamond miner, said it has entered into an amending agreement for its credit facility with Tiffany & Co. which defers all scheduled repayments of principal and interest the end of the year.

These payments were scheduled to be made starting September 30. Tahera added that it is “continuing discussions with respect to its comprehensive financing plan and hopes to make an announcement in this respect in the coming weeks.”

Tahera's primary asset is its wholly-owned Jericho diamond mine, Canada's third and Nunavut's first diamond mine. Tahera has a diamond purchase and marketing arrangement with Tiffany.