https://www.miningweekly.com

Lucara completes diamond recovery capital projects

12th September 2017

By: Creamer Media Reporter

     

Font size: - +

JOHANNESBURG (miningweekly.com) – Lucara Diamond Corp has completed the Mega Diamond Recovery (MDR) and sub-middles XRT capital projects at its Karowe mine, in Botswana, ahead of schedule.

The MDR circuit treats material in the size range between 50 mm and 120 mm and is located directly post the primary crusher and ahead of the process plant. This maximises the upfront recovery of exceptional diamonds prior to the comminution processes where diamond damage may occur.

The sub-middles XRT circuit processes material in the size range between 4 mm and 8 mm. The sub-middles circuit has replaced the need for a dense medium circuit and five diamond recovery unit processes for treating diamonds within this size fraction.

“The commissioning of the MDR and sub-middles XRT circuits advances the company's ability to efficiently recover its diamonds and maximise value for its exceptional diamonds.

“The completion of these two capital projects concludes our major capital expenditures for upgrading the process facilities, all of which have been funded from internal cash flows,” commented Lucara president and CEO William Lamb.

Lucara, which is listed on the TSX and Botswana Stock Exchange, in August lowered the full-year production guidance for the Karowe mine to between 265 000 ct and 285 000 ct, compared with the previously planned 290 000 ct to 310 000 ct, as a result of lower mined ore volumes in the second quarter of the year.

The company is also considering the potential of developing an underground mine at Karowe and expects a preliminary economic assessment to be completed in the fourth quarter of this year.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION