Firestone Diamonds said that the mining of diamonds belonging to her 75% of the mine Likhobong (Liqhobong) will begin in the fourth quarter of 2016.
At the end of June, the readiness of the project was 85% against the target of 81%.
In addition, the development of the project remains within the original budget of $ 185.4 million.
"After the initial production will begin at the mine, the Firestone plans to increase the process up to full capacity, which is 3.6 million tons of ore per year, or 500 tons per hour . mining will amount to 1 million carats per year production increase will take at least six months, "-. said in a statement.
"When commissioning will be recycled tailings mixed breeds and of lower quality ore with a low content of basic diamond mine Steady indicators diamond content in these types of rocks affect the volumes of extraction of precious stones." - is added to Firestone.
In addition, the company noted that at this stage of mine development is difficult to predict the average price per carat of diamonds for early sales estimates.
The company plans to process 1.8-2.0 million tonnes of ore in the fiscal year that ended in June 2017.
"During this period, estimated at Likhobong will produce 380 000-450 000 carats of diamonds," - noted in Firestone.
"The costs are projected to be approximately $ 12- $ 14 per ton of processed rock," - added to the company.
At the same time in Firestone said that the first sale of diamonds is scheduled for January 2017, in Antwerp. After that, the company will endeavor to hold two auctions of diamonds in the quarter.
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According to preliminary data, in 2015 the volume of diamond production in Angola amounted to 8.8 million carats, said the minister of Geology and Mining of Angola Keyrosh Francisco (Francisco Queiroz) in an interview with AllAfrica.com portal. Last year, 8.7 million carats of diamonds were mined in Angola.
The increase in production in the past year has remained virtually unchanged compared with the previous year. Despite this, the minister added, these results can be considered a record, taking into account the difficult times that are going through the diamond sector with the fall in world market prices.
According to the minister, the proceeds from the sale of diamonds is likely to be $ 1.1 billion, down 17% year on year. According to the Kimberley Process for 2014, the average price per carat fell 17% to $ 125.
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