Richland reports solid Q3 performance at Qld mine
JOHANNESBURG (miningweekly.com) – Aim-listed Richland Resources met production targets at its Capricorn sapphire mine in Queensland, during the third quarter ended September 30, producing 801 443 ct of sapphire and corundum.
The average grade mined was 14 ct/t from 55 985 t of mined and processed alluvial material.
The company sold 241 000 ct of rough and untreated material at an average price of $0.59/ct to earn revenue of $143 000.
A further 250 000 ct of rough sapphire and corundum was sold post the third quarter at an average price of $1.39/ct to earn $348 000.
“During the [third] quarter, Richland concluded an extensive review of our sales and marketing systems and strategies,” noted CEO Bernard Olivier.
Richland has started preparations for the final stage of its production ramp-up to 1.2-million carats a quarter during 2017.
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