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All Parcels Sell at Gahcho Kué Tender
Mar 8, 2017 9:29 AM
By Rapaport News
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RAPAPORT... Mountain Province sold 277,646 carats of rough diamonds at
its second tender of production from the Gahcho Kué mine in Canada.
The company sold all the parcels of diamonds on offer,
including those it had held over from its January sale due to India’s liquidity crisis,
Mountain Province said. While that previous sale of 49,420 carats
fetched $6.3 million at an average price of $127 per carat, the miner did not
disclose the dollar value of its second tender.
A third sale of about 193,900 carats is scheduled for later
this month.
Production at Gahcho Kué started in September, with the mine
reaching commercial production last week. Mountain Province owns 49 percent of
the project, with De Beers holding the rest.
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Tags:
Canada, De Beers, Gahcho Kué, mining, mountain province, Rapaport News, Rough Diamonds, rough sales
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