Merlin Diamonds Announces the Re-Commencement of Diamond Mine Production

Diamond Investing

Merlin Diamonds Ltd (ASX:MED) is on track to re-commence operations at the Merlin diamond mine in Australia. It is expected that operations will recommence in October 2016.According to the announcement:  The Department of Mines and Energy in the Northern Territory approved the Mining Management Plan last Friday thus allowing operations to re-commence. The Company is being assisted …

Merlin Diamonds Ltd (ASX:MED) is on track to re-commence operations at the Merlin diamond mine in Australia.
It is expected that operations will recommence in October 2016.
According to the announcement: 

The Department of Mines and Energy in the Northern Territory approved the Mining Management Plan last Friday thus allowing operations to re-commence.
The Company is being assisted by Foundation Resources Pty Ltd. The mining industry professionals of Foundation Resources have extensive experience in the mining of and exploration for diamonds including at Ellendale and Smoke Creek in Australia; and in South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Angola, DRC and Indonesia.
To-date, the Company has initiated procurement of the necessary items to re-commence the operations and have started pumped out water from the Kaye pit in preparation for mining. Foundation Resources have focussed on the technical plans for the mining operations and the re-commissioning of the diamond processing plant.
A significant amount of the infrastructure is still in place at Merlin and needs little work to be useable thus the capital cost is relatively low.

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