AF Diamonds' AK6 to come on stream September

Monday, March 22, 2010

BSE-listed African Diamonds says development of its AK6 diamond mine is scheduled to start in September after completion of feasibility studies in the next two months.

In an interim results statement, Executive Chairman John Teeling says the company is at an advanced stage of completing financing to cover expenditure in 2010 and 2011.

"The pace of development at AK6 is accelerating," says Teeling. "The mine will come on stream in 2011 within the cost parameters that we have previously set.

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