America's First Diamond Mine in Full Production.TORONTO--(BUSINESS WIRE)--June 26, 1996--Redaurum Limited(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : RRK RRK Random Rotation of Key ) Redaurum Limited (RRK-TSE) has successfully completed commissioning trials of the new fully-enclosed diamond recovery plant at its 100 percent-owned Kelsey Lake Diamond Mine, in Colorado, U.S.A. A Company spokesman said today that crews working 12-hour shifts were now carrying out a schedule of diamond recovery and plant maintenance 24 hours a day, five days a week. The four 14-foot rotary pans are now processing kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. ore at the rate of approximately 185 tonnes per hour. Throughput of ore at North America's first diamond mine is expected to stabilize at a rate of 200 tonnes per hour by the end of June. Diamond recovery in the June quarter has been well distributed in size, with a good percentage ranging in weight from one to three carats each, and some in excess of four carats. Kelsey Lake's largest diamond to date (recovered from a bulk sample in 1994) was a 14.2 carat, fine white octahedron octahedron: see polyhedron. , believed to be one of the finest diamonds recovered in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The new plant has been designed to recover diamonds weighing as much as 50 carats each. The first offering in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. of Kelsey Lake diamonds is planned for sale by tender in July. The mine's total output for 1996 is expected to reach 25,000 carats. Sales by tender of diamonds from Redaurum's two South African mines last week achieved an average of US $144 per carat from 648 carats of diamonds from the Avontuur Mine and US $168 per carat for 88 carats from the Quaggas Kop Mine. A sudden increase of diamond output at Avontuur last week - 650 carats in three days, representing a grade of 300 carats per hundred tonnes - was thought to be the result of excavating an unusually rich "pocket" of gravel, with more ore from the same block still to be processed. The River Ranch Diamond Mine in Zimbabwe, 50 percent owned by Redaurum, has delivered 83,500 carats of diamond to Antwerp, for sale by tender before July 5th. CONTACT: Redaurum Limited - London Mr. Anthony Hamilton Anthony Hamilton may refer to:
or Bankside Consultants Ltd., London Mr. Keith Irons, Redaurum Limited - Toronto Mr. Michael Coulter, Secretary 416/368-3553 |
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