South Africa: Diamcor Finds 45.15-Carat Stone at Venetia

Diamcor Mining has recovered a 45.15-carat rough diamond at its Krone-Endora at Venetia project in South Africa, according to a report in Mining Weekly. In mid-February, Diamcor unearthed a 72.53 carat gem-quality stone at the same mine.

According to Diamcor, the recovery of the two large stones, “along with the pending sale of about 2,000 additional carats delivered for tender and sale, is expected to positively impact revenues and offset the lower-than-anticipated current processing volumes associated with the loadshedding being experienced in South Africa.”

Diamcor also reported selling 1,538.62 carats of rough diamonds in the current quarter to date, raking in “gross revenues of $980 696.08, resulting in an average price of $637.39/ct.”

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