Technical upgrades could save Jericho
Tahera Diamond's depleted management team is counting on waste stripping program, reduction of sift size to make mine economical
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Last updated 5/27/2007 at Noon
Taking recommendations from shareholder Teck Cominco, Toronto-based Tahera Diamond Corp. is making rapid changes to its operations at the newly opened Jericho mine in Nunavut. For now, the cost of producing diamonds far exceeds their value, according to Tahera's first quarter report. The value of production in that period was US$6.4 million, compared with a cash operating cost of $17.1 million....
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