Diamond

Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) announced that Rio Tinto plc (ASX:RIO,NYSE:RIO,LSE:RIO) has okayed the development of the A-21 pipe at the Diavik diamond mine.

Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) announced that Rio Tinto plc (ASX:RIO,NYSE:RIO,LSE:RIO) has okayed the development of the A-21 pipe at the Diavik diamond mine.

Dominion holds a 40-percent stake in the mine, while a subsidiary of Rio Tinto operates it.

As quoted in the press release:

DDMI has estimated the total capital cost for the development of the A-21 pipe to be approximately US$350 million at the Company’s estimated Canadian/US dollar exchange rate of $1.11 (on a 100% basis), with the Company’s share being US$140 million. The A-21 resource is well understood, and A-21 diamond production is planned for late calendar 2018. The A-21 production will provide an important source of incremental supply for Diavik, ensuring the continuation of existing production levels.

 Click here to read the full Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) press release.

MARKETS

Markets
TSX19561.49+56.16
TSXV654.86+0.10
DOW32854.53+458.36
S&P 5004160.09+68.90
NASD12669.97+321.21
ASX6998.10+5.10

COMMODITIES

Commodities
Gold1761.94+5.61
Silver20.01+0.15
Copper3.47-0.05
Palladium2017.00-37.00
Platinum902.00+10.00
Oil90.76-3.66
Heating Oil3.41+0.03
Natural Gas8.27+0.57

DOWNLOAD FREE REPORTS

×