Of Debswana, a joint venture between De Beers and the Botswana government, start to process the ore, resulting in part of the expansion of the diamond mine Jwaneng (Jwaneng), known as Cut 8 (Cut 8). The cost of the expansion was $ 3 billion.
In an interview with Reuters managing director of Debswana Balis Bonongo (Balisi Bonyongo) noted that 88% of the 500 million tonnes of ore at an empty diamond-bearing rocks were removed by the end of last month as part of the stripping activity.
"Land Cat-8 may soon reach the planned targets and ore expansion diamond mine is delivered for processing to the main processing plant," - he said.
According to Reuters, initiated in 2010 a project of Cat 8 year, aims to produce 100 million carats and extending the life cycle of Jwaneng, the richest diamond mine in the world until 2024.
Meanwhile, Bonongo said Debswana will close its 42-year-old diamond mine Letlhakane (Letlhakane) this year.
It will replace the processing plant tailings, which is expected to be commissioned by June.
"The life of mine Letlhakane ended We have invested 2.1 billion in the creation of a pool of processing plant tailings, which are expected to be able to produce about 800,000 carats of diamonds for 20 years of service.", - he added.
It is expected that this year Debswana produce about 20.5 million carats, or a little more than a given value.
Earlier this week, the group Anglo American companies said Debswana diamond production fell by 3% to 5.2 million carats in the first quarter of 2017.
1 comment:
The Titan, an Indian manufacturer of watches and jewelry, last week decided to join the online trading of jewelry products through the acquisition of a controlling CaratLane stake for an undisclosed sum, according to a report in the Indian Express.
CraratLane, founded in 2007, is a jewelry company operating on the Internet and aimed at young customers. It seeks to develop the categories of personal ornaments and gift in the lower price segment.
Titan's Board of Directors approved the acquisition of CraratLane subject to a full audit.
"Titan will acquire a 51% stake CaratLane, after which it will become a subsidiary of Titan", - said Bhaskar Bhat (Bhaskar Bhat), Managing Director of Titan.
Now representatives of the companies are discussing a share that Titan will have CaratLane, as well as its assessment, after which they will sign the final agreement. It is expected that the transaction will close by the middle of June.
Titan will continue to focus on jewelry high price segment through its brand Tanishq, said CK Venkataraman (CK Venkataraman), CEO of jewelry company divisions.
"For the Titan, the acquisition brings significant opportunities in e-commerce In addition, important is the brand (CaratLane), its customer base and business model." - concluded Bhat
Post a Comment