According to the report, the mine life extended from 2023 to 2025. In the period from 2017 to 2025 production is forecast at 46.0 million carats from the processing of 16.3 million tonnes of ore. Products will be supplied with three tubes exploited - A-154 South, A-154 North and A-418. Production on the tube A-21, which is currently under development, will begin in 2018.
Operating costs for the remaining period of the mine operating at Dominion projected to be about $ 2.8 Bln. Development Capital projected at about $ 173 million including contingencies, and relates to tube A-21, which will be commissioned in 2018 year. Expenses for compensation of the disposal of fixed assets during the life of mine is estimated in the amount of $ 216 million.
Dominion Dominion expects that in the period 2017- 2025 at the Diavik will be produced 46.0 million carats, noting an increase of 6.3 million carats, or 16% previous forecast estimated for the period.
Total revenue during the period from 2017 to 2025 is projected approximately $ 9.0 billion in volume, and the total operating cash flow - at about $ 3.7 billion, an increase of 22% and 32%, respectively, compared with previous estimates of said period.
"The extended service life of the Diavik mine would increase the volume of production in carats, future earnings and cash flow, while saving operating costs and capital expenditures at levels that are consistent with previous guidance," - said in this regard, Dzhim Govans (Jim Gowans), Dominion Chairman of the Board.
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Reserve Bank of India may soon simplify the scheme of gold monetization for their popularity among the population. Due to this it is planned to involve in the economy unused gold stored in households, says the NDTV Profit.
Bank accepting gold deposits, will be able to remove one of the essential processes in the gold tendering system or make it optional. This simplifies the scheme for banks and such repositories of gold in India, like temples.
In its last meeting with the banks and jewelers representatives of the Indian Reserve Bank noted that gold storage in assay centers may be optional, allowing banks and their customers will have a choice - leave the gold deposited in the assay centers, or send it directly to refiners.
The assay centers will be checking the purity of gold, after which will be issued to holders of Gold and banks. Meanwhile, across India only 33 assay center involved in the scheme of monetization. Representatives of banks and jewelry companies have noted that the majority of assay centers can process only 50 kilograms of gold a day, which is why monetization scheme will not work well with large stores of gold. In the previous monetizatsionnoy scheme, which was then merged with the current, assay centers were not a mandatory part of the circuit.
The Government of India is planning to re-launch in the turnover of 20 000 tonnes of gold, which are kept in the hands of the citizens, so that the dependence of India on import of gold will decline, and the problem with the deficit of the current balance of trade is almost solved.
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