The corporation Dominion Diamond Corporation has lowered its forecast for diamond mining Ekati mine (Ekati) by 16% in Canada in the current fiscal year after it announced the suspension of three months after the fire.
Now projected that the production for the 12 months ended January 31, 2017 will amount to 4.7 million carats, compared with an earlier forecast of 5.6 million carats, the diamond miner said.
It continues to produce more valuable ore quarry Misery (Misery) and underground mine Koala (Koala), but it was suspended on developments Pigeon (Pigeon) and Lynx (Lynx). Material with Misery and Koala will be stored in order to enrich the ore mixed with Misery-Maine (Misery Main) and Koala when work resumes processing plant. During downtime of Dominion plant will also reduce operating costs and defer some capital costs.
"We planned to keep production in such a way as to allow for prioritization on startup [plant] more valuable ores, thereby minimizing the impact on the market value of our production for the fiscal year" - said General Director of the Dominion Brendan Bell (Brendan Bell).
Preliminary estimates for the repair work because of a fire that broke out at the processing plant of the mine June 23 valued at approximately $ 19.2 million. (25 million Canadian dollars). The amount may change after the start of restoration work, the company warned. Around 330 permanent and temporary employees, are expected to be temporarily laid off.
"Non-essential" capital projects on the content of the mine, such as the expansion of communication systems and automation, transferred to financial 2018, the company said.
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The Zimbabwean government decreed that diamond companies from Marange region (Marange) should immediately suspend its mining operations.
State-owned publication The Herald quoted Chidakvy Walter (Walter Chidhakwa), Minister of Mines of Zimbabwe, who said that diamond companies have refused to become part of the consolidated diamond firms Zimbabwe Consolidated Diamond Company (ZCDC).
State ZMDC would own 50 per cent stake in the new diamond company, and the remaining 50% would be distributed among the firms that participated in the consolidation.
"Because the diamond companies had their licenses revoked, this morning been informed of the need to immediately cease all mining operations and release the license areas of diamond deposits - Chidakva told the Zimbabwe Independent -. The companies have 90 days in which to remove their equipment and other assets. In this period, access to the diamond fields will be carried out at the request, each of which will be considered by the Ministry of mining. "
Among the companies whose further activity was banned - Anjin Investments, Diamond Mining Company, Jinan, Kusena, Marange Resources and Mbada Diamonds.
Zimbabwe's government owned 50 percent shares in each company and 100% Marange Resources.
From now on, the official Harare will own all the diamond fields in Zimbabwe.
As expected, ZCDC begin development of underground deposits of diamonds after the funding.
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