Diamcor Mining intends to more than double the increase the volume of diamond production at its site Krohn-Endora (Krone-Endora) Venice (Venetia) project in South Africa after the installation and commissioning of new equipment.
Miner has not yet started commercial production on its concession, and the discovery of diamonds was random as part of the testing process and commissioning of the project.
Initial testing of the new equipment has demonstrated its ability to process all ore fraction from 1.0 mm to 45.0 mm. In addition, there is potential to further increase the capacity and operational efficiency in the long run.
Also, the diamond company has completed the installation of a much larger plant for separation in a dense medium to the main processing plant project.
This, the company said, was done in order to support the initial increase in volumes processed with the potential for its further increase in the long term.
"Modernization component was also completed different screening systems, processing of ore and water recovery systems, along with the establishment of a dedicated pipeline for processing of material dimensions to 45.0 mm," - in said Diamcor.
"Taken together, all the elements are designed to enhance the automation and operational efficiency in the long run," - added to the company.
At the same time, in Diamcor said that in the third quarter the volume of diamond sales totaled 9,435.41 carats, or $ 1.18 million, at an average price of $ 125.45 per carat.
Sold diamonds have been obtained in the processing of ore fractions from 1 mm to -15 mm, as well as small amounts of rocks larger fractions.
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Canadian auction house Ritchies interested overseas buyers, arranging the online auction of rare colored diamonds worth 20 million Canadian dollars ($ 14.7 million).
Among the gems offered for sale were a few pink diamonds from the Argyle mine.
Among the main auction items - jewelry set with exclusive fancy pink diamonds, consisting of earrings, pendant and ring, with an expected sales price of 2-2.5 million Canadian dollars ($ 1,47-1,8 million); Pendant with fancy blue diamond with an expected sales price of 1.5-1.75 million Canadian dollars ($ 1.1-1.3 million) and a pendant with a rare fancy green diamond with the expected sale price of 750 thousand -. 1 million Canadian dollars ($ 552 000 - $ 736 000).
The auction house expects especially buyers from China. "We are seeing a major shift that occurred rather quickly when low oil prices and a weak Canadian dollar made Canadian collectors vendors - said the managing director of Ritchies Kashif Khan (Kashif Khan). - At the same time, the huge demand from buyers from China has created an opportunity for companies like ours, represent Canadian assets suitable buyers. "
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