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Diavik Production -3% in 2015 as Owners Plan Output Increase This Year
Jan 19, 2016 9:33 AM
By Rapaport News
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RAPAPORT... Recovery levels from the Diavik Diamond Mine in
Canada fell 3 percent year on year to 1.5 million carats in the fourth quarter
that ended December 31, part-owner Dominion Diamond Corporation reported. A
9-percent drop in processing volumes to 0.46 percent contributed to the decline
in extraction..
Full-year recovery in 2015 fell 9
percent to 6.4 million carats -- below the planned 7 million carats -- as lower
mining rates from the A-154 North restricted the availability of ore and
because of lower grades from the A-418 pipe. Availability issues with the
process plant during the fourth quarter also impacted the recovery rates
negatively, Dominion said in a statement January 18.
Results
released by Dominion, which owns 40 percent of Diavik, are on a 100-percent
basis, the statement said. Rio Tinto controls the remaining interest in the
mine.
The companies plan to produce 7 million carats at
the mine in 2016, a 9 percent increase over the output in 2015. Together, they
plan to mine 2.1 million tonnes and process the same amount this year,
according to a preliminary plan outlined in the Dominion statement.
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Tags:
Canada, Diavik, Diavik Diamond mine, Dominion Diamond Corporation, mining, Production, Rapaport News, Rio Tinto
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