Mwana Africa Reports 'Improved Performance' in Q1

(IDEX Online) – London-listed Mwana Africa reported a “generally improved performance” across its operations in the first quarter of 2014.

In its diamond business, in South Africa, and, in particular, at the Marsfontein slimes dam at the Klipspringer Mine, Mwana output doubled to 12,383 carats and sold for an average of $21 per carat.

Chief executive Kalaa Mpinga said: "I am pleased to be able to report generally improved operating performance across the group's operations during the fourth and final quarter of the 2013 financial year.

He commented that diamond production from the Klipspringer Slimes Retreatment Project more than doubled on the quarter.

“We anticipate that at Freda Rebecca, the current focus on mining and processing efficiencies, and at BNC continued progress by Trojan Mine towards steady-state and stronger mill performance, will deliver further operational improvements for the group in the year ahead.”