Dominion Diamond On Verge Of Starting Up New Mine in NWT

Mining and Exploration
23/02/2016 12:27

"Dominion Diamond, the world’s third-largest rough producer by value, will forge ahead with plans to open up a new mine in Canada’s Northwest Territories, after positive results from a pre-feasibility study," writes mining.com. This is the takeaway from Dominion's February 22 announcement of positive results from a pre-feasibility study of the Sable kimberlite pipe deposit located within the Core Zone Joint Venture property in Canada’s NWT in which the company holds an 88.9% interest. The Sable pipe is located beneath Sable Lake, 17 kilometers from the existing Ekati mine infrastructure, and is fully permitted by the local authorities. "Fully permitted, Sable has construction planned to begin as soon as the ice road opens, with mining and processing projected to begin by 2019," writes mining.com. "Unlike Dominion’s other project in the area - dubbed the Jay pipe - Sable would make little difference to Ekati’s lifespan, which is set to run out of diamonds by 2023 ... However, the two pipes combined could keep the mine's processing plant working at full capacity until 2033, even with Sable shutting down in 2027."

In a separate release, the miner announced the appointment of David S. Smith to the Board of Directors effective immediately. He will become Chairman of the firm's Audit Committee in May, and his appointment brings the size of the Board to nine members.