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DiamondCorp Expects 250,000 Carats by 2014
May. 31, 2012 05:54PM PST
Gem InvestingMining Weekly reported DiamondCorp (LSE:DCP) expect its Lace mine will reach production of 250 000 ct by 2014 and over 400 000 ct by 2015.
Mining Weekly reported DiamondCorp (LSE:DCP) expect its Lace mine will reach production of 250 000 ct by 2014 and over 400 000 ct by 2015.
As quoted in the market news:
Output from the mine, near Kroonstad, would increase to over 500 000 ct by 2025, the London- and Johannesburg-listed company stated.
DiamondCorp has earmarked R384-million for building the new mine. Last week, it agreed a R280-million loan with the Industrial Development Corporation.
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