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Diamcor to Offer Additional Diamonds at Tender
Nov 7, 2018 8:12 AM
By Rapaport News
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RAPAPORT... Diamcor Mining will put an additional 5,336 carats of rough
recovered from its Krone-Endora at Venetia project on sale in November.
The stones are in addition to the 2,607 carats from regular
processing the miner reported in September, it said Tuesday. The company
recovered the extra rough while completing planned refinements to the asset’s
screening systems. Of the supplementary stones, 2,277 carats have already been sold
at tender, at an average price of $190 per carat, for a total of $431,701. The
remaining 3,058 carats will be sold at the company’s next tender later this
month.
Previously Diamcor had only been processing material up to
15 millimeters, and stockpiling the remainder, it said. The miner will now
reprocess its stockpiles up to 40 millimeters, which it believes will provide
large diamonds under 10.8 carats that it missed during initial processing.
“Efforts to perform planned refinements on the crushing and
screening systems installed continue to progress well,” said Diamcor CEO Dean
Taylor. “Our focus is now on ramping up both the volume of material being
processed and the inclusion of all size fractions up to 40 millimeters.”
Diamcor plans to hold one more tender this year, which will
take place in December.
Image: Rough diamonds. (Diamcor Mining)
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Tags:
Dean Taylor, diamcor, Diamcor Mining, Krone-Endora at Venetia, Rapaport News
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