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Canada’s Gahcho Kué Mine Yields 50ct. Diamond
Oct 26, 2016 4:07 AM
By Rapaport News
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RAPAPORT... Mountain Province will sell a 50.25-carat gem-quality
diamond from the new Gahcho Kué mine in January, the largest stone yet from the
Canadian project.
Three fancy yellow diamonds weighing between 3 carats and 5
carats will also be on offer, after Mountain Province won a bid to sell the September
production of fancies and specials.
The 50.25-carat diamond “provides further confirmation that
Gahcho Kué has a population of large, high-quality gem diamonds,” said Patrick
Evans, Mountain Province’s president and chief executive officer. “It is also
exciting to see a population of good-size fancy yellow diamonds, which offers
encouragement that we’ll see further fancy diamonds as the production ramps
up.”
Ramp-up production at Gahcho Kué started
on August 1, six weeks ahead of schedule, and the mine officially
opened in September. Total output in August and September stood at 198,000
carats, of which about 97,000 carats belongs to Mountain Province, which owns
49 percent of the mine. De Beers holds the remainder.
“Mining and processing continues to progress well and Gahcho
Kué remains on track to achieve commercial production in early 2017,” Evans
added.
The first open tender of run-of-mine production – excluding
fancies and specials – will take place in Antwerp in January and about every
five weeks after that.
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Tags:
Canada, De Beers, Gahcho Kué, mining, mountain province, Patrick Evans, Rapaport News
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