Color stone industry facing major supply crises

Rising gold prices and less international demand responsible for market sluggishness

Post By : Journal Of Gem and Jewellery Industry On 23 August 2006 12:00 AM
Aber Diamond Corp. on Wednesday announced the mine plan development schedule at Canada’s Diavik mine will be reviewed following the closure of the ice road due to deteriorating weather conditions. The road services several mining and exploration operations northeast of Yellowknife, including the Diavik diamond mine and BHP Billiton’s Ekati diamond mine.%%Aber said that the suspension of mining operations was not contemplated. Operating conditions will be reviewed until March 25, 2006 but if current temperatures persist, the road may not reopen again this season according to Aber’s estimates.%% The Diavik mine has diesel fuel on site sufficient for about 10 or 11 months of operations. Aber said a number of critical loads that exceed size limitations for air transport are being reviewed for disassembly or other alternatives for delivery.

Be the first to comment

Leave a comment

Related News

New Collections on the Block

  • Diamonds - 23 April 2024 3:41 PM

A Name to Reckon With In Fancy Colour Diamonds-Anan Jewels

  • Diamonds - 23 April 2024 3:31 PM

IGI Expressions™ crowns 9 Jewellery Design Champions

  • Diamonds - 01 March 2024 6:02 PM

Grading Diamonds With Integrity, Consistency and Accuracy

  • Diamonds - 12 February 2024 9:29 AM

All time classics

  • Diamonds - 07 February 2024 11:39 AM

Email Alerts

WhatsApp Alerts