https://www.miningweekly.com
Africa|Mining|Surface|Maintenance|Operations
Africa|Mining|Surface|Maintenance|Operations
africa|mining|surface|maintenance|operations

Diamcor suspends tenders, focuses on cost-saving during lockdown

Diamcor CEO Dean Taylor

Diamcor CEO Dean Taylor

30th March 2020

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

TSX-V-listed Diamcor Mining has made several short-term operational changes in response to the events unfolding owing to the global Covid-19 crisis.

The company has suspended its activities in South Africa, placing its Krone-Endora at Venetia surface mining operation, adjacent to De Beers’ Venetia mine, in the Limpopo province, on care and maintenance for the duration of the national lockdown ending April 16.

The company is also implementing cost-saving measures where possible.

Additionally, the company says its rough diamond tenders and sales have been limited or cancelled over the past number of weeks, owing to travel restrictions and related market uncertainties.

“We have overcome many challenges over the years, and in this case, we will continue to evaluate and revise our plans in the coming weeks so we may resume operations as soon as possible, and continue to build on the positive momentum we established entering 2020,” CEO Dean Taylor assures shareholders.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
John Thompson
John Thompson

John Thompson, the leader in energy and environmental solutions through value engineering and innovation, provides the following: design, engineer,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.158 0.196s - 110pq - 2rq
Subscribe Now