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Merlin Diamond Mine to Resume Operations
Sep 13, 2016 4:57 AM
By Rapaport News
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 RAPAPORT... Merlin Diamonds said it will restart production at its mine in Australia’s Northern Territory in October after the provincial government approved the company’s mining plan.
The Merlin mine has an indicated and inferred resource of 4.3 million carats and an 11-year life span, according to the company’s website. It comprises 14 kimberlite pipes, of which nine were subject to open-pit mining yielding 507,000 carats over five years until operations ceased in 2003.
Merlin said it has started pumping out water from the Kaye pit in preparation for mining. Foundation Resources, which is focused on the technical plans for the operations and the re-commissioning of the diamond processing plant, is assisting Merlin in executing the project.
A significant amount of the infrastructure is still in place at the mine, and while some work is needed for it to become useable, the capital cost of that is relatively low, Merlin said. |
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Tags:
Australia, diamonds, merlin, mining, Rapaport News
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