Lower Cost Mining Techniques Could Allow Diamond Miner to Access New Regions
03.09.10
The recoil skip over in sales has prompted USB Investment Research analyst Brian MacArthur to upgrade Harry Winston from “achromatic” to “buy” for investors. The increased sales revenue came from three discourteous diamond sales deals in the second quarter. The immutable demand for rough diamonds from Diavik helped boost the sales. Even the retail operations of the callers posted positive earnings.
The company is studying a divers underground mining method which has the potential to reduce the costs of operations at the Diavik diamond mine. The mine is owned 40% by Harry Winston Diamond Corporation and 60% by Rio Tinto.
Diavik had begun as an divulge pit mine in 2003 but started underground production in March 2010. The mine will alteration towards becoming a completely underground mine over the next year or so.
The mine operators will also look at using new mining touch that feature lower costs and increased mining speeds. This new method may allow them to explore recently discovered regions where mineralised kimberlite reserves have been identified.
Published Era : 3/9/2010
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Source: Azomining
Nwakego Eyisi replied to Marie-Flore Poulsen's discussion 'How should Cameroon package/structure the diamond mining license? Should the country issues revenue bonds (securitized by the expected mining ...
Dignitaries appear at a briefing hearing on the inquiry of diamond deposits in Cameroon at the Complete Intercontinental Hotel in southern Seoul, Monday. From radical: C&K Mining CEO Oh Duk-kyun, Cameroonian Cur of Application, Mines and Technological Happening Badel Ndanga Ndinga, his better half Marie Gisele Ndanga Ndinga, and Kim Won-sa, professor at Chungnam University. / Korea Times Kim has pledged in invigorating scrutinization and examination activities including his exploration of titanium deposits in Hadong, South Gyeongsang Area of responsibility in 1997. He was cited as one of the ``Important Scientists of 20th Century'' by the Cosmopolitan Biographical Center, Cambridge, Common Empire, and has already been named for the 21st Century arrange. Conscience-stricken Joel, but I have to argue with you on this. At the very least Cameroon should use this diamond recognition to leverage it's mining sector. The Russians have not stopped mining, but stockpiling. Meanwhile Australia still aggressively mines it's Kimberly drop. For an in sore nation like Cameroon, it will have to be offered incentives such as comprehensive survey and increase of it's other mineral resources. DeBeers, which markets the chimera of diamonds was stilted to make out a dispense with the Russians. The...
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Mining Diamonds
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