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About the EKATI diamond mine?

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About the EKATI diamond mine?

Postby burke5 » Fri Jul 13, 2012 10:01 pm

i want to know the view points of the stakeholders ( BHP Billiton Canada inc, Chuck Fipke, Stewart Blusson) and one more and the advantages and the disadvantages of EKATI diamond mine
please be specific
thank you
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Joined: Tue Jun 26, 2012 1:45 am

About the EKATI diamond mine?

Postby devonn » Fri Jul 13, 2012 10:03 pm

Resources group BHP Billiton on Monday announced the approval of the Misery open-pit project at its Ekati Diamond Mine in the Northwest Territories, Canada.

The estimated capital expenditure required to complete the execution phase is US$323 million, or 2.1 billion rand, of which 80% is BHP Billiton's share. This means BHP Billiton will spend US$258.4 million, or 1.7 billion rand, on the project.

Ekati is the cornerstone of BHP Billiton's diamond business. Stripping operations are expected to begin in October, with ore production beginning in late 2015 and final production from Misery expected in mid-2017.

Advantage: financially lucrative
Disadvantage: strip mining not environmentally friendly
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