Petra Diamonds making steady progress of the first phase C-Cut in expanding diamond mine Cullinan (Cullinan) area of 5.7 ha. It is expected that through this project will be able to increase the life cycle of the mine for 15 years, media reported.
Mining Weekly quotes Johan Dippenaar (Johan Dippenaar), Chief Executive Officer of Petra Diamonds has, who pointed out that thanks to a new project company will be able to consolidate the production zone, reducing their number from 8 to 3. Against this background, Petra hopes to reduce the cost of production up to 200 rand (about $ 14.8) per ton of ore against 280 - 290 rand at current costs.
According to him, the old mountain areas Cullinan become "contaminated" waste rock, and on this background diamond content decreased, lowering revenues per ton of ore processed.
Dippenaar said that the development of C-Cut will increase the diamond content of up to 38 - 40 carats per ton in fiscal year 2017.
In the future we plan to increase the diamond content of up to 49 - 51 carats per tonne by 2019 fiscal year, when the C-Cut will reach the planned capacity.
The group wants to increase the production of diamonds at the mine to 729,496 carats in the current year to 2.2 million carats in fiscal 2019.
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Stiven Luse (Stephen Lussier), CEO of the brand Forevermark, owned by De Beers Group, became the chairman of the Association of Diamond Manufacturers (Diamond Producers Association, DPA), will replace Jean-Marc Lieberherr (Jean-Marc Lieberherr), Rapaport reports portal with reference official sources.
Lieberherr until recently also served as director of Rio diamond division Tinto, and became the first chairman of the DPA, in October 2015, immediately after the creation of this organization. Meanwhile, in January, he resigned from the company Rio Tinto, and then from the DPA.
Loussier is also vice-president of the De Beers marketing and was vice-chairman of DPA under the Lieberherr. Jim Pounds (Jim Pounds), executive vice president of Dominion Diamond Corporation, now the former take post Loussier, the source said.
Diamond Manufacturers Association was founded in May 2015 seven world leading mining companies in the framework of joint work aimed at to support the development of the diamond industry. DPA seeks to play an important, positive role in the diamond industry, and actively interact with industry and non-sectoral organizations to promote the interests of the diamond industry. The Board of Directors of DPA includes representatives of ALROSA, De Beers, Rio Tinto, Dominion Diamond, Lucara Diamond Corporation, Petra Diamonds and Gem Diamonds.
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