Pearl Necklace

Wednesday, July 12, 2017

the largest in the world in terms of diamond production, announces that a working meeting of president Andrew Zharkov with the chairman of the administrative council of the Angolan national diamond mining company Endiama Antoniu Karlushem sumbul (António Carlos Sumbula).
The sides exchanged views on a wide range of issues of bilateral cooperation.
Alrosa is the co-founder of the Mining Company "Catoca» (Catoca) (share in the authorized capital - 32.8%). "Catoca" mining diamonds in the province of Lunda Sul, in the Republic of Angola.
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  1. Among Gemfields noted that the mining of emeralds and beryl at Kagem Mine (Kagem) in Zambia in the second quarter of the current fiscal year jumped by 41% to 8.2 million carats, against 5.8 million carats in the same period last year.
    The average content of the stones also increased, amounting to 272 carats per tonne, while the previous year did not exceed 190 carats per tonne. Operating expenses decreased sharply.
    Meanwhile, mining rubies and corundum in the quarter fell to 1.6 million carats to 3.4 million carats a year earlier due to the fact that the company is focused on the processing of large volumes of high quality alluvial resources of its remaining 75% mine Montepuez (Montepuez ) in Mozambique.
    "On Montepuez we get encouraging results, and learn more from the point of view of geography and revised data of the license area. This allows a high degree of probability say that the production volume will soon be increased by shifting the orientation of the company in the areas with a higher content of gemstones lower value in the coming months ", - said chief executive Officer Jan Gemfields Herbotl (Ian Harebottle).
    "We maintain our target production volume for 2016 fiscal year at the level of 25-30 million carats of emeralds and 8 million carats of rubies," - he added.
    Abstraction bulk sample remained on Montepuez operations focused on processing rock obtained from alluvial portion on which production volumes generally smaller, but the quality of rubies - is considerably higher. The number of such rubies extracted at the mine increased by 1,825% in the reporting period.

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