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Ekati Diamond Mine Yield is Down.
Trade Wire today reports that Canada’s Ekati diamond mine produced 4.1 million carats for the year ended December 31, 2004, a decrease of 27% on the previous year, said BHP Billiton in a press release on January 27, 2005. The decline in Ekati’s production output was attributed to processing of lower grade ore during the period.
The Ekati diamond mine was Canada’s first diamond mine and is BHP Billiton’s sole producing diamond mine asset. Ekati is located approximately 300 kilometers northeast of Yellowknife and 200 kilometers south of the Arctic Circle in Canada’s Northwest Territories, Canada. The mine is a joint venture between BHP Billiton Diamonds Inc (80%) and geologists Charles E. Fipke and Dr. Stewart E. Blusson (10% each).
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