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Duas Barras

Au
1,397.59
USD/oz
-0.06
red
http://www.infomine.com/investment/metal-prices/gold/
Data as of May 21, 2013 07:01AM UTC


Key Facts
Status: Temporary Suspension
Type of Work: Placer
Location: Minas Gerais, Brazil
                 150 km North of DIAMANTINA

Commodities: Diamond, Gold
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Latest Information
November 15, 2010
Pre‐production resumed in the third quarter of 2010, focused on pre‐stripping and plant commissioning.Commissioning of the plant commenced in August with newly‐mined low‐grade transitional gravels and stockpiled gravels from 2008 operations. Diamonds recovered during pre‐production in the third quarter amounted to 643 cts.
September 22, 2008
Vaaldiam Resources announced that it is securing up to US$20 million of debt financing. Funds raised would be used for the further development of the Duas Barras mine, completion of the feasibility study on the Braúna kimberlite project, and for general working capital purposes.
September 2, 2008
Recent activities have been focused on improving diamond grade control during mining, increasing diamond and gold recoveries in the processing plant, and the further reduction of operating costs. For example, two X-Ray diamond recovery units have been installed to improve diamond recovery and security, and the primary screen size in the feed preparation circuit has been reduced to 1.6 mm from 2.0 mm to increase diamond recovery.
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