The project for the processing of tailings from the mine Letlhakane (Letlhakane) company of Debswana, is expected to be commissioned in the next year, and his willingness at the moment is about 80%.
"The plant will be put into operation, after which reached its maximum design capacity in the third quarter of 2017", - quotes the words of the portal Mining Weekly Debswana Director of Corporate Affairs Naledi Dikgomo-Gould (Naledi Dikgomo-Goulden).
The construction of the processing facility at Letlhakane began in the first quarter of 2015.
It is expected that the project will allow to keep stable and profitable operations in excess of the Letlhakane mine life cycle, which is being developed by open way.
The company suggests that the annual volume of at Letlhakane diamond production will be 800 000 carats. The Company intends to apply the solutions specifically designed for the extraction and processing of rock, to ensure optimal extraction of mineral resources from the dumps. Thanks to this project life cycle is expected to be able to extend for 25 years, said Mining Weekly.
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North Arrow Minerals Inc. announced the closing of the sale of royalties diamond project Redemption (Redemption) of Umgeni Holdings International Limited for $ 800 000. Redemption Diamond Project is located in the region of Lac de Gras in the Northwest Territories of Canada.
Umgeni acquired several types of royalties from the project Redemption, including 1.5% of gross additional income on royalties from diamond mining and 1.25% royalty on 12 applications for mineral extraction and 5 leases for mining company Arctic Star Exploration Corp. According to the option agreement with Arctic Star Exploration Corp., North Arrow can get a 55-percent stake in the project by investing $ 5 million in its exploration until 1 July 2017.
The agreement with the Umgeni also suggests that the North Arrow is obliged to implement a program of exploration on the Redemption amount not less than $ 800 000 in the period up to August 2016.
Ken Armstrong (Ken Armstrong), President and CEO of North Arrow, said: "This agreement with Umgeni will provide an opportunity to strengthen North Arrow balance and allow our company to immediately begin exploration programs and drilling on diamond projects Redemption and Pico (Pikoo) We look forward to .... that we will begin a program of drilling on the Redemption from mid-March of this year. "
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