Gahcho Kué Diamond Mine 62 Percent Complete
July 07, 15
(IDEX Online News) – Mountain Province Diamonds Inc. has announced that the development of the Gahcho Kué diamond mine is progressing according to plan and budget with the overall project approximately 62 percent finished at the end of May, 2015.
First production from the mine is expected in the second half of 2016.
According to Mountain Province president and CEO Patrick Evans, said the company is making arrangements to be in a position to receive and sell its 49-percent share of diamond production. The arrangements are expected to be in place by the end of 2015.
In the ramp up to production, key areas of development include continued dewatering to expose the kimberlites, the placement of concrete foundations and the erection of steel superstructures of the major facilities. The company said it an important milestone is ensuring that the process plant building is enclosed by October 2015.
The mine is expected to produce an average of 4.5 million carats a year over a 12 year mine life.