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Dominion Sells Largest Ekati Diamond on Record
Operations Resumed at the Mine After Fire
Sep 25, 2016 8:23 AM
By Rapaport News
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 RAPAPORT... Dominion Diamond Corp. sold a 186-carat diamond, the largest recovery on record from the Ekati mine, for $2.8 million.
The gem-quality stone was found at the Pigeon kimberlite pipe at Ekati in June, before a fire halted operations at the mine. The company suspended mining at the Lynx and Pigeon open pits to save on costs, while it spent $15 million on repairs.
Dominion said the plant returned to full operational capacity September 21, with a stockpile of 750,000 tonnes of ore mainly from the higher-value Misery Main open pit and Koala pipes.
“The process plant repairs have been substantially completed ahead of schedule and below our original cost estimate,” said Brendan Bell, Dominion’s chief executive officer.
Bell added the recovery of the 186-carat diamond is evidence of upside potential inherent in modeled prices used for Dominion’s Ekati ore bodies.
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Tags:
Canada, diamonds, Dominion, ekati, Rapaport News
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