https://www.miningweekly.com

First diamonds exported from Baoulé trail mining

4th December 2014

By: Leandi Kolver

Creamer Media Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – The first diamonds have been exported from Aim-listed Stellar Diamonds’ 75%-owned Baoulé project, in Guinea, the company announced on Thursday.

The parcel of 941 ct, including gem diamonds up to 9 ct in size, had been exported to Antwerp, where it would be sold later this month.

"This first diamond export from Baoulé is a milestone for the company ahead of realising our first cash flow, which is expected when the goods are sold in the near future,” Stellar CE Karl Smithson commented.

He stated that trial mining at the project was progressing well, pointing out that the company had now reached its targeted processing capacity, which, at existing grades, could yield monthly production of 2 000 ct, if maintained.

To date, the company had produced 1 206 ct, with an average grade of 15 carats per hundred tonnes.

"We are particularly pleased with the regular occurrence of gem-quality stones of up to 9 ct in size from the limited processing to date.

“As this region of Guinea is renowned for its large diamonds of over 100 ct and 200 ct in size mined from alluvial mining, we are hopeful that we may recover yet larger, high-value diamonds as we continue to process higher volumes of kimberlite over the coming months,” Smithson said.

Stellar expected a diamond export and sale from Baoulé to take place every two months during 2015.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Showroom

WearCheck
WearCheck

Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







sq:0.264 0.299s - 106pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: