De Beers Canada announced it has received authorization to flood the mine workings at its underground mine, Snap Lake (Snap Lake) in the Northwest Territories of Canada, IDEX Online reported with reference to Retuers.
When flooding mines De Beers would reduce water pumping costs and reduce the risk to the environment, in accordance with the long-term conservation of the mine plan.
Snap Lake mine has been closed due to the global diamond market conditions worsening, not bringing gains since the start of production in 2008. In 2015, the mine had produced 1.2 million carats of diamonds, it is expected to operate until 2028.
De Beers Canada is working on Victor (Victor) diamond mine in Ontario, which should close in 2018 unless its expansion project will be implemented. At the final stage is the construction of the mine Gacho Quay (Gahcho Kué), which is owned by De Beers jointly with Mountain Province Diamonds Inc., which owns 49% of the project.
"The decision is useful because really helps us to keep ... quite a significant amount of resources in the ground," - said the representative of De Beers Canada Tom Ormsby (Tom Ormsby).
http://royalpearljewelry.blogspot.ca/
1 comment:
The delegation of representatives of Rio Tinto Diamonds, headed by managing director Saymonom Trottom (Simon Trott) visit the Indian diamond trade center (India Diamond Trading Centre, IDTC) in the complex Indian Diamond Exchange (Bharat Diamond Bourse, BDB) in Mumbai. It was the first visit to Trott exchange building and special customs zone (Special Notified Zone, SNZ) after the entry into a new position in Rio Tinto, according gjepc.org.
Trott and his team held discussions with the members of the committees of the Board to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) and BDB on the current situation in the market and different ways of interaction between Rio Tinto and the Indian diamond trade.
Anoop Mehta (Anoop Mehta), President of the Indian Diamond Exchange, held for the delegation an overview IDTC-SNZ and its possibilities. He noted that since the inception of the SNZ received an excellent response from the mining companies and potential buyers. According to him, a special area rooms were reserved for auctions for 200 days forward to December 2016.
Pravinshankar Pandya (Praveenshankar Pandya), Chairman GJEPC, gave a presentation on the need for a common promotion and marketing of diamonds. He said that all the major mining companies need to work together and to allocate funds for this purpose, adding that the Council is ready in every way, to support these marketing initiatives.
Indian diamantaires asking mining companies, including Rio Tinto, to develop a strategy for maintaining price stability. They added that De Beers and Alrosa are working directly with India for control of diamond stocks and prices.
GJEPC Chairman said that the Council is doing its best to improve the reputation of diamond companies in Indian banks. "Bad" loans and bankruptcy undermine the credibility of the bankers to the diamond sector.
Meanwhile, representatives of Rio Tinto delegation expressed the view that the markets are synthetic and natural diamonds can co-exist, but they must be clearly delineated. Representatives of Indian Industry said about the importance of joint efforts to create more high-speed and affordable synthetic detection technologies.
Post a Comment