Wednesday, January 19, 2011

Lucara Diamond Corp says AK6 mine on track for full production in 2012

Lucara Diamond Corp. said that commissioning of the AK6 mine in Botswana will start by the end of this year and will move up to full production early in 2012.

Project execution is on target and on budget with commissioning scheduled to start in the fourth quarter of 2011.

The mine is expected to produce 400,000 carats of high-quality diamonds in its first year of operation, the miner said in a statement.

Off-site, the mine access road upgrade is progressing well, and the bulk power-line contract is out to tender with the contract due to be awarded in March so that grid power will be available in July in time for early commissioning tasks. Recruitment of key operational staff is also underway, the firm reported.

Lucara Diamond President and CEO William Lamb said, "The fact that the AK6 project will be in production by year end is an exciting development in the evolution of Lucara as a mid-tier producer of high quality diamonds. This year will be a challenging but rewarding one for all involved with the AK6 project."

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