DiamondCorp to sell first Lace diamonds in Oct
JOHANNESBURG (miningweekly.com) – Dual-listed miner DiamondCorp’s first diamond sale from its Lace mine, in the Free State, has been scheduled for October, when tunnel and initial slot drive tonnage would have provided a sufficiently representative parcel of kimberlite diamonds.
The result of initial diamond sales along with controlled bulk test results from the kimberlite tunnel development would provide the required information for release of an updated resource statement, the company said in a statement to shareholders on Tuesday.
It further noted that underground tunnel development at the Lace mine was still proceeding slower than planned in fractured ground close to old workings.
“Some zones, particularly on the eastern side of the pipe have been found to contain kimberlite of a quite friable nature. This has reduced the rate of advance and installing additional support, particularly at tunnel cross cuts in the kimberlite, will continue to impact on the development timetable,” it highlighted.
The miner also noted that the ground conditions would be a positive for fragmentation and caving when mining starts.
Additional antirollback idlers for the underground conveyor belt system to meet new Department of Mineral Resources requirements have started to arrive on site, with installation under way.
The majority of the installation was expected to be completed during September, ahead of the ramp-up in commercial production from the Upper K4 mining block during the fourth quarter.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation