Purchase a proven diamond mining resource with a carat price among the highest in the worldThe Business
This diamond mine is located in the State of Mato Grosso, and produced from June of 2006 to July of 2008, when operations were suspended to convert the operation from a contract mining operation to a lower cost ?owner-operated?mining fleet. However, with the financial crisis, this initiative was not completed and the operation has remained on a care and maintenance basis pending the installation of a new mining fleet, and the acquisition of additional operating capital.
This North American company holds title to nine mineral and surface rights, located on 26,000 hectares, comprising the mine?three with mining permits and six with exploration licenses?as well as a modern 200 ton per hour run-of-mine (?ROM?) capacity diamond recovery plant and all ancillary mine infrastructure.
Market
During its two-year operation, the Company mined out of only one concession, producing more than 33,000 carats from 1 Mm3 of alluvial gravels for an average grade of 0.032 ct/bcm, generating more than USD13 million in gross sales revenue. The average carat price obtained for diamonds produced from the mine is amongst the highest in the world.
Two registered areas have been fully researched; estimated resources are stated at 4.9 Mm3 of indicated gravel resources grading 0.05 ct/ m3, suggesting a contained indicated resource of 245,000 carats, with recently defined potential gravel deposits of 8.6 Mm3. Limited work carried out by the company on the other concessions demonstrated approximately 20Mm3 of gravel in the deposits in a district known for having diamond grades ranging from 0.02 to 0.05 ct/ m3.
Sector: MiningSegment: Diamond MiningRegion: BrazilFinancing Size: $5m to $20mContact: Adeina Cookenour
Company: Trade Brazil CompanyTelephone: +55 24 8834 3808Email: [email protected]