20 Oct 2019
DiamondWorld Directory
Home |
News
Home
DiamondCorp updates on Lace mine
Will announce results of first tender on September 20
By: Diamond World News Service
|
Sep 18 2016 10:01AM
|
Reference: 13437  

DecreaseIncrease
DiamondCorp plc, the Southern Africa focused diamond mine development and exploration company, announced an operational update on the Lace mine.

It has rescheduled its diamond sales to maximize attendance by clients who have been absent from Antwerp during various religious holidays as well as the De Beers August sale. The first tender will now conclude on 17 September 2016 with results announced on 20 September 2016.

Subsequent monthly sales will be concluded around the middle of each month.

Production from the first mining block on the 310m level was impacted during August by a number of operational issues which have been overcome. But owing to the loss of some days of production in August, the September diamond sale is now of c.5700 carats, not 7,000 as previously planned.

The diamonds yielded during August remain of a high quality, and four stones larger than 10 carats were recovered, including a 12.7 carat gem diamond. These diamonds will be sold in the October sale. The company's current diamond inventory is 7,003 carats. The October sale will be relatively small but monthly sales are expected to build up to the 9,000 carat base case in the budget by December.

The company also announced its unaudited interim results for the six months closing 30 June 2016. In this, the pre-tax loss for the period was reduced to £0.247 million compared with a loss of £3.159 million in the same period in 2015.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
HouseAd_Trade Fair
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2019
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
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
Spotted: Who Wore What (August 2018)
Pictures: 4
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 20008
GJEPC Chairman Interview
Views: 17929
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 24944
Promo for IJ Awards 2012 at NDTV Profit
Views: 38154
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 41752
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 15275
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 39669
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 37329
Advertisement
KGK_Antwepr
Advertisement
M.Tarun
Member of:
Supporter of: