DiamondCorp Begins Development of Lace Diamond Mine

Mining Weekly reported that South African company DiamondCorp has already commenced the 47-level development plan at its Lace diamond mine. The property is expected to produce over 500,000 ct/y of diamonds by 2025.

As quoted in the market news:

The Lace mine, which would transform DiamondCorp into an underground diamond producer, would be block-cave mined, with three caves planned over its 25-year life-of-mine on the 47-, 67- and 85-levels, at depths of 470 m, 670 m and 850 m respectively.

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