Rosprirodnadzor has issued a final positive opinion of the state ecological expertise "Upper Muna" field, the development of which is ALROSA.
"Finally, the Commission describes the main characteristics of the field adequately, as well as natural features of the territory. The document says that in this area do not grow and are not found species listed in the Red Book. In addition, the selected list of measures to prevent the possible negative impact on the environment Wednesday and approved measures for soil remediation, - said Deputy chief engineer of Environmental protection environment Udachninsky GOK Alexander Fedorov -. The resulting pos itelnoe solution - is one of the permits for the beginning of field In addition to this document it is planned to obtain a series of permits and licenses in the future work of the various objects in a given territory. ".
Project documentation has been developed and approved by the need to start diamond mining pit "Polar" and "Magnetic" on the Upper Muna field. The depth of the mining of ore will reach 400 meters. Provision extraction of all of the area boundaries.
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Rockwell Diamonds reported that in the second quarter to August 31, 2015, its revenue increased by 32% year on year and amounted to 21 million Canadian dollars.
The company's statement said that the growth was due to higher beneficiation results, which generated revenues of C $ 8.7 million ($ 6.7 million) and were higher than the proceeds from diamond products mined at the Tirisano mine in South Africa.
Rockwell previously entered into a beneficiary partnership with the New York diamond manufacturer, Diacore. Under the agreement with Diacore, Rockwell receives a 50% profit from the sale of diamonds cut by Diacore and mined by Rockwell.
The company's profit before taxes, interest, depreciation and amortization was $ 9.2 million in the reporting period compared to $ 1.2 million a year earlier.
Rockwell also showed strong growth in operating profit, which allowed it to pay $ 3.8 million of debt.
"We also recorded revenue growth from beneficiation, including the sale of futures for our supply of diamonds under the beneficiation program until February 2015, totaling $ 4.6 million, which we used to improve the ratio of borrowed funds to the value of assets," said James Campbell, (James Campbell).
According to him, the company is still focused on its exploration tasks, which will allow it to increase the value of its assets from the category of existing projects with a long life cycle.
Meanwhile, Rockwell diamond production for the 4th quarter fell 41%, to 5613 carats. The results include diamonds from the Saxendrift and Remhoogte / Holsloot mines in South Africa, as well as 28 carats supplied by contractors.
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