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BHP 1Q Diamond Production -10%

Oct 20, 2010 3:25 AM   By Avi Krawitz
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RAPAPORT... BHP Billiton diamond production fell 10 percent to 703,000 carats in the first fiscal quarter ending September 30, 2010, the company reported.

The decline resulted from lower ore processed and lower average grade achieved at its Ekati mine in Canada. During the quarter, a higher proportion of ore was sourced from Ekati’s Fox pit as mining at the higher grade Panda underground ceased in the previous quarter, BHP Billiton explained.

BHP Billiton owns 80 percent of the Ekati mine, which is its only diamond asset.

Tags: Avi Krawitz, Avi Krawitz, BHP Billiton, Ekati mine
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