28 Sep 2022
DiamondWorld Directory
-
Home |
News
Home
Development of the Gahcho Kué Diamond Mine is on track: Mountain Province
First production expected during H2 2016
By: Diamond World News Service
|
May 13 2016 10:43AM
|
Reference: 13013  

DecreaseIncrease
Mountain Province Diamonds Inc. announced an update on its development of the Gahcho Kué Diamond Mine, in which it noted the project to progressing as per revised budgets and plans outlined. The overall project is approximately 94 percent complete and on track for first production during H2 2016.

Patrick Evans, Mountain Province President and CEO, commented: “We continue to make excellent progress at Gahcho Kué. Mechanical completion has been achieved at the process plant and truck shop and we are on schedule to achieve mechanical completion of the primary crusher during the current quarter. Key areas of focus are commissioning of the diamond process plant, remaining earthworks, pre-stripping and stockpiling of kimberlite as well as preparations for operational readiness.” Mr. Evans added: “The project also continues to meet our lending group’s tests-to-completion with US$47M advanced to fund cash calls during Q2 2016. A total of US$266M has been drawn against the US$370M facility.”

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31476
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8866
GJEPC Chairman Interview
Views: 27644
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38631
Promo for IJ Awards 2012 at NDTV Profit
Views: 56447
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67922
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21488
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50395
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52217
Advertisement
DW News App
Member of:
Supporter of: