Login

It’s crucial everybody feels confident that their suppliers use the System of Warranties - Stephane Fischler

The System of Warranties (SoW) in the diamond industry dates back to 2002, when the World Diamond Council (WDC) in team with the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association...

13 november 2017

IIDGR’s proprietary technology gives polished diamonds unique identity

The International Institute of Diamond Grading & Research (IIDGR), a unit of the global diamond giant, De Beers, grades natural stones and is also using its proprietary inscription technology to inscribe a unique identification on tables of each...

07 november 2017

In future, only those who offer innovative designs will survive

A science graduate from Madras University, Srinivasan's one-man venture with just 10 employees launched in 1984 has now grown into the present Emerald Group, in about 3 plus decades. The Group from Southern India is one of the largest jewellery manufacturing...

30 october 2017

Conditions are still very difficult - Ernie Blom

Ernie Blom, the President of the World Federation of Diamond Bourses (WFDB) for the third term, has served on a range of industry bodies as an executive as well as chairman for many years, including Chairman, Diamond Dealers Club of South Africa...

23 october 2017

Pavel Vinikhin: ALROSA will make a worthy contribution to the revival of the ‘Russian Cut’ Brand

ALROSA is known as the largest diamond mining company throughout the world. However, not everyone is aware that it has its own diamond-cutting division. For a long time, the activity of DIAMONDS ALROSA remained in the shadows, only occasionally attracting...

16 october 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

Comments

Only registered users can add comments (Register, Login)