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“I am bullish on the future of the diamond business. Three reasons for this optimism... new discoveries, extending mine life and the increasing demand for diamonds”, says Martin Leake

Martin Leake is a PhD exploration geologist and Six Sigma black belt who has been involved in the rough diamond market since 2004. He worked for BHP Billiton for 22 years and recently left Grib Diamonds where he helped set up a world-class marketing...

18 september 2017

Diamond exploration junior obtained conclusive proof of diamond-bearing kimberlites in Russia’s North

OOO Proex Service, which is searching for diamonds in the Arkhangelsk Region of Russia, discovered seven kimberlite pipes in the Kozolsky license area having spent 15 months for the find. One of the pipes is very similar to the highly diamondiferous...

11 september 2017

People do not just make fun in the social media, they make purchases there

Oksana Senatorova has been famous in the jewellery world for a long time as a publisher of the ‘Navigator in the Jewellery Trade’ journal, organizer of the international contest ‘The Best Jewellery Store of the Year’, curator of professional events and...

04 september 2017

‘There is no illegal tanzanite mining in Tanzania’

Richland Resources, which wholly-owned TanzaniteOne until the Tanzanian government forced it to relinquish half of its stake to the State Mining Corporation (STAMICO), exited the country in 2015 to focus on its operations in Australia. The formalisation...

28 august 2017

David Block: “Intellectual property theft is not just Sarine's problem...whole industry should combat this phenomenon.”

For more than 15 years, David Block served in various senior positions at Sarine Technologies in Israel and India. From 2012 until his appointment as CEO in 2017, Block was Sarine's Deputy CEO and Chief Operating Officer, with responsibility for...

21 august 2017

Dominion Diamond announces fiscal 2018 second quarter results, reports Fox Deep preliminary economic assessment

14 september 2017
Dominion Diamond Corporation has reported its operational results in the fiscal 2018 second quarter ended July 31, 2017.
In line with expectations, consolidated carats produced increased 72% to 2.6 million carats in Q2 fiscal 2018 from 1.5 million carats in Q2 fiscal 2017 due to higher tonnes processed and a focus on high-grade Misery Main ore at the Ekati mine, with steady performance at the Diavik Diamond Mine.
The company has also reported the results of a preliminary economic assessment (PEA) on the development of an underground operation below the mined out Fox open pit at the Ekati Diamond Mine in the Northwest Territories of Canada. The Fox kimberlite pipe is located in the Core Zone Joint Venture in which the Company has an 88.9% participating interest.
PEA based on processing of 31.3 million tonnes and recovery of 11.0 million carats from Fox Deep.
Fox Deep would extend the mine life at Ekati to fiscal 2042 from fiscal 2035, which reflects inclusion of the recently-approved Misery Deep project.
The Fox Deep project is expected to cost about $628 million U.S. to develop, and $1.6 billion U.S. to operate.

Alex Shishlo, Editor of the Rough&Polished European Bureau in Brussels

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