The corporation Dominion Diamond Corporation has postponed the project development Jay (Jay) for about two years, which is expected to increase by 10 years the life of its Ekati mine (Ekati) in Canada.
Extraction and processing of kimberlite project-Jay on the Northwest Territories does not begin until the end of 2022, while originally planned to start this until 2020.
According to Dominion, Jay - the most significant undeveloped kimberlite at Ekati mine, potentially able to extend the life of the mine until at least 2030, despite the fact that the project was supposed to shut it down in 2020.
Dominion revised schedule, as defined, that could maintain a continuous supply of ore from the existing mine Ekati longer than expected, that would give her more time to work on the development of Jay project.
The original schedule, released along with the results of the preliminary feasibility study in January 2015, is expected to begin construction in the second half of 2016. "Drainage" area, isolated by a moat, and its "pre-clearance" should begin in 2019, and the mining and processing of kimberlite - in 2020.
Under the new plan, all-weather access road will be built in 2017, after which will be carried out works on water retention and related infrastructure in 2018-2020. "Engaging the water retention system, drainage and the beginning of pre-clearing" areas will take place in 2021, and the extraction and processing of kimberlite project with Jay will start in late 2022, it said in a statement Dominion.
In September 2015 the company announced a one-year postponement of the start of processing of ore from the project Sable (Sable) - another undeveloped deposits Ekati mine, which has the potential synergies with Jay project.
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The Economic Development Ministry has selected only Russian investment banks to carry out transactions for the sale of state shares in companies "Bashneft" and ALROSA and VTB Bank, told RIA Novosti in the Ministry.
Ministry of Economic Development in mid-March, has begun work on the selection of banks for the organization of privatization transactions for the sale of "Bashneft" shares "ALROSA" and VTB. Deputy Economic Development Minister Nikolai Podguzov said that their applications filed more than 10 banks, including foreign ones.
As a "Bashneft" organizer of the privatization of oil company proposed "VTB Capital", ALROSA diamond - CJSC "Sberbank CIB"; VTB Bank - LLC "Renaissance Broker".
According to the agency, the ministry sent the relevant instructions of the Government projects to align with the relevant ministries and departments and to make them in the prescribed manner to the Cabinet.
"The final decision on the selection of legal entities for the organization on behalf of the Russian sale of privatized federal property and (or) the seller of the functions will be taken by the Russian Government and will be known after the release of the Russian government orders", - added the ministry.
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