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Archive for January 17th, 2014

CSA Group and Korean Standards Association Sign Standards Distribution Agreement

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SEOUL, South Korea/PRNewswire/ — CSA Group, a leading standards development organization and global provider of product certification and testing services, today announced a distribution agreement with Korean Standards Association (KSA). Under the two-year agreement, KSA will have non-exclusive, worldwide rights to package, distribute and sell CSA Group standards and related publications electronically and in hard copy format in the Korean market.
“We are very pleased to establish this important relationship with KSA,” said Bonnie Rose, President, Standards, CSA Group. “This agreement enables more efficient distribution of our publications in Korea, further extending our global reach and providing the Korean marketplace with local access to CSA Group standards.”
KSA provides both standardization and quality management training and education in Korea, and it also implements research and activities related to standardization, certification and quality management.
“This distribution agreement gives us the opportunity to expand the base of international standards and publications available to our clients,” said Chang Ryong Kim, President, KSA. “We believe our customers will benefit greatly from access to these valuable publications from CSA Group. Such local access to CSA group standards will allow our customers, especially from industry sector to get the most up-to-date deliverables in real time.”
About CSA Group
CSA Group is an independent, not-for-profit membership association dedicated to safety, social good and sustainability. Its knowledge and expertise encompass standards development; training and advisory solutions; global testing and certification services across key business areas including hazardous location and industrial, plumbing and construction, medical, safety and technology, appliances and gas, alternative energy, lighting and sustainability; as well as consumer product evaluation services. The CSA certification mark appears on billions of products worldwide. The CSA Group Korea office is located in Gangnam-gu, Seoul.
For more information about CSA Group, visit http://www.csagroup.org
Media Enquiry:
Anthony Toderian
CSA Group
+1-416-747-2620
Anthony.toderian@csagroup.org
Clare Mui
Hill+Knowlton Strategies
+852-2894-6248
Clare.mui@hkstrategies.com
Source: CSA Group

Written by asiafreshnews

January 17, 2014 at 4:19 pm

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Zimmer China recognised as a “Top Employer” in China for three consecutive years

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SINGAPORE /PRNewswire/ — Zimmer China has once again been named a “China’s Top Employer” brand by the Corporate Research Foundation (CRF) in China. This marks the third consecutive year Zimmer China has been so recognized. CRF is a global publishing organisation that specialises in research into best business practices, identifying leaders in the field of Human Resources, Strategy and Leadership.
(Logo: http://photos.prnewswire.com/prnh/20131216/MM33947LOGO)
“We are honoured to have won the award three times in a row,” said Stephen Ooi, President of Zimmer Asia Pacific. “This award is truly a re-affirmation of Zimmer’s continued commitment efforts in talent development to support sustainable long-term growth for employees and making Zimmer China a great place to work.”
“I am heartened that our corporate value of ‘Dedication to People” is clearly evident not only in the highest customer service standards but also in human capital development. We take great pride as an employer of choice in developing talents in each of the countries that we operate. Maximizing human capitals will remain as a key focus for Zimmer as the company continues to increase its global presence,” Stephen continued.
300 companies were considered for the Top Employers China 2014 selection. Spanning several months, the nationwide selection comprised three phases: nomination by industry experts, questionnaire surveys and interviews, and finally, the assessment. Of the 300, only an elite 41 companies were selected as China’s Top Employers 2014, including Zimmer China.
This privileged list includes Fortune 500 companies as well as renowned domestic enterprises from a range of industries including finance, pharmaceutical, IT, chemical, automotive, real estate and hospitality.
Zimmer’s Senior Vice President for Asia Pacific, Sang Yi, said, “We treat our people as we treat our valued customers, because they create the value on which our success is based.”
“It is essential to create and sustain a positive work environment where employees are inspired, engaged, recognized and rewarded, and where our people are able to take ownership and contribute to the development of the company in a proactive and passionate manner.”
Run annually by CRF China, the China’s Top Employers research project offers incisive and compelling insights into some of the most forward-thinking organisations in the country. Top Employers awardees are identified by in-depth research conducted by the CRF Institute, as well as comprehensive and independent company profiles written by leading journalists. Candidates were judged on the areas of talent attraction and retention, on the basis of five key criteria of Human Resource practices: Pay and Benefits, Training and Development, Career Development, Working Conditions, and Company Culture.
Zimmer China fulfilled all key criteria, including interesting job content; career progression opportunities; competitive salary and employee benefits; good work- life balance; a pleasant working atmosphere; good training; strong management; financial health and concern for the environment.
Currently Zimmer offers integrated musculoskeletal solutions in China with sales and customer teams supporting several cities across the country.
Established as the Corporate Research Foundation in the Netherlands in 1991, CRF has developed into an international organisation with operations that span 10 countries across three continents. CRF conducts extensive in-depth research into the management and business practices of companies. These findings are published as benchmark reports which have come to be recognised as a hallmark of quality for best practices around the globe.
About the Company
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer designs, develops, manufactures and markets orthopaedic reconstructive, spinal and trauma devices, dental implants, and related surgical products. Zimmer has operations in more than 25 countries around the world and sells products in more than 100 countries. Zimmer’s 2012 sales were approximately $4.5 billion. The Company is supported by the efforts of more than 9,000 employees worldwide. More information about Zimmer is available at http://www.zimmer.com.
Source: Zimmer

Written by asiafreshnews

January 17, 2014 at 3:20 pm

Posted in Uncategorized

Aviation Finance Company Limited completes $206 million Pre-Delivery Payment (PDP) financing for 10 Bombardier Challenger 605 aircraft for IALT SA

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DUBLIN /PRNewswire/ — Aviation Finance Company Limited announced today it has completed a $206 million PDP financing for 10 Bombardier Challenger 605 aircraft for IALT SA, a leading Swiss aircraft financing, leasing and trading company.
(Logo: http://photos.prnewswire.com/prnh/20130612/NY30490LOGO)
About IALT SA
IALT is an aircraft financing, leasing and trading company based in Switzerland and fully owned by Swiss entrepreneur, Mr. Thomas Flohr.
http://www.ialt.com
About Aviation Finance Company Limited
AFC invests in aviation businesses, financing aircraft and infrastructure critical to the development of global transportation. AFC is a complementary partnership between highly successful aviation advisory firms, large investment managers and investment banks. AFC was founded with the view that the aviation industry requires permanent and dedicated capital for financing aircraft purchases. As a reliable investment partner and financial advisor to airlines and other operators, the company prides itself on a partnership business model to support the steady growth of the transportation sector.
http://www.avfinco.com
Source: Aviation Finance Company Limited

Written by asiafreshnews

January 17, 2014 at 2:51 pm

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PerfTech Upgrades Its Growing Roster Of Internet Providers To Smart Bulletins; In-Browser Messaging Gets Personal For 15M Subscribers

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SAN ANTONIO /PRNewswire/ — To kick off the new year, PerfTech Inc., who supplies the leading in-browser, subscriber communications solution to Internet Service Providers (ISPs), completed upgrading its entire roster of customers to the newest customization features of its Bulletin System messaging platform, featuring Smart Bulletins™. PerfTech’s roster includes half of the top ten U.S. cable Internet providers, as well as other cable and telecom providers in the U.S., Canada, the Caribbean, and Europe. In addition to PerfTech’s adding new customers in 2013, several large, existing customers ordered system expansions to accommodate growth and acquisitions, while upgrading software and hardware.
Smart Bulletins give ISPs a higher level of interaction with subscribers, make customer support easier, and improve subscriber response. They let the provider deliver a detailed, personalized message with options for follow-on actions, while respecting personal preferences previously indicated. Typically, ISPs use Smart Bulletins to give subscribers a heads up regarding some aspect of their service, whether it relates to individual data usage, specific equipment they use, or a tailored promotion. Smart Bulletins know who the subscriber is, details of their service plan, opt-out/in preferences, and other information derived from interactive responses and/or back-office applications. Automated bulletins are personalized dynamically, thanks to interaction with the product’s extensive, internal database. A Smart Bulletin also knows when it has displayed on the screen, all interactions that have resulted, and when it should display a reminder or a sequential message, if at all. “When subscribers receive generic alerts that may or may not pertain to them, and that keep popping up over and over, they become annoyed,” stated Jane Christ, PerfTech Sales V.P. “Subscribers are left with a negative perception of the ISP’s service. With Smart Bulletins, this doesn’t happen. The customized message is always relevant, respects subscriber preferences, and has been well received by ISP customers and subscribers alike.”
ABOUT PERFTECH
PerfTech enables ISPs to forge a responsive relationship with their subscribers through proactive communications. The company’s patented Bulletin System allows ISPs to deliver interactive, time-critical messages directly to targeted subscribers’ browsers on any device, in wired, wireless, or mobile environments. Privately held, PerfTech is headquartered in San Antonio, Texas. For more information, go to http://www.perftech.com.
Source: PerfTech Inc.

Written by asiafreshnews

January 17, 2014 at 12:07 pm

Posted in Uncategorized

Landis+Gyr and EnBW sign milestone agreement in stringent data protection market

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— Cooperation agreement sees cutting edge smart metering systems from Landis+Gyr for German utility
ZUG, Switzerland/PRNewswire/ — Landis+Gyr, the global leader in smart metering and grid management solutions, has signed a cooperation agreement with German utility EnBW for the piloting of state of the art smart metering systems. The agreement is the first of its kind: it involves a smart metering system that meets German data protection requirements, which demand the highest levels of end-consumer protection and security.
Signed at the end of 2013, the agreement includes provisions for EnBW to test the functionalities of Landis+Gyr’s newly developed smart metering system in laboratories as well as in the field. Tests will commence in 2014. Prototypes of a part of an end-to-end security system, a ‘gateway’, will be tested according to the guidelines set out by the German Federal Office for Information Security (Bundesamt fur Sicherheit in der Informationstechnik, BSI). Separately, EnBW will conduct tests on a smart residential meter and on administration software for the gateway.
Andreas Umbach, CEO of Landis+Gyr, says, “The cooperation between Landis+Gyr and EnBW unites two strong partners. We are working together on a solution that not only meets Germany’s data protection requirements, which are the strictest in the world, but a solution that is state of the art technologically and in terms of functionality. Our gateway development makes it possible for the first time to test how a BSI solution operates both in the laboratory and in the field, and to make further developments in response to the knowledge acquired. This is an important step in our journey with EnBW and will be path-setting for the country’s smart metering initiatives.”
Christoph Muller, Member of the Board of Directors at EnBW Regional, explains the challenges that the decentralised energy supply system of the future poses: “The challenge is guaranteeing security of supply at all times, in spite of fluctuations in flow. Today’s metering systems can make an important contribution to the shift in energy use through actively involving customers. As central components of intelligent networks, they help to achieve a better balance between decentralised energy generation and demand for energy. They also offer customers more transparency with regard to their energy consumption. I am delighted that we are involved in the development of these metering systems with Landis+Gyr, an experienced and capable partner.”
The cooperation agreement between Landis+Gyr and EnBW is the first of its kind to address the new regulatory requirements for smart meters, which are set out in the German Energy Act and in the country’s BSI Protection Profile. In 2011, as a result of changes to the Energy Act, the installation of smart metering systems became compulsory for end-consumers; the Act states that smart metering systems that meet the data protection and security requirements of the BSI must be installed as soon as they become available on the market. The Energy Act goes on to stipulate that a smart metering system must be installed at a metering point that registers an annual consumption of over 6,000 kWh.
Werner Vorderwulbecke, Managing Director of EnBW Operations, comments: “In order that we can gain fundamental knowledge on the performance, potential uses and interoperability of the technology, we will install and run a total of 10,000 smart metering endpoints in Baden-Wurttemberg so that we can record, manage and monitor energy consumption. At the same time, gateway administration software will be put in place. EnBW and Landis+Gyr perfectly complement each other in this project.”
A pilot project will start in the middle of 2015. It will study the suitability of the smart metering systems and system processes for the mass market, as well as their compatibility potential. The cooperation agreement foresees an extensive market rollout of the smart metering systems from Landis+Gyr, starting in 2016.
About Landis+Gyr
Landis+Gyr is the leading global provider of integrated energy management products tailored to energy company needs and unique in its ability to deliver true end-to-end advanced metering solutions. Today, the Company offers the broadest portfolio of products and services in the electricity metering industry, and is paving the way for the next generation of smart grid. With annualized sales of more than US$1.6 billion, Landis+Gyr, an independent growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the Innovation Network Corporation of Japan, operates in 30 countries across five continents, and employs 5,200 people with the sole mission of helping the world manage energy better. More information is available at landisgyr.com.
About EnBW
With sales of over EUR 19 billion in 2012 and around 20,000 employees, EnBW Energie Baden-Wurttemberg AG is one of the largest energy supply companies in Germany and in Europe. In order to meet future demands from the market, politics and society and to actively manage energy consumption, EnBW has set a clear objective. It is focusing on two strategic approaches: securing low-CO2 production and creating services that offer decentralised solutions. More information is available at http://www.enbw.com.
Source: Landis+Gyr

Written by asiafreshnews

January 17, 2014 at 12:04 pm

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Pepsi Scores With Global Football Super Team Uniting 19 Of The World’s Best Players Spanning 5 Continents And Nearly 20 Countries

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— Superstar lineup includes Messi, van Persie, Wilshere, David Luiz, Aguero, Ramos, Kompany, Gomez, Dempsey and many more
PURCHASE, N. Y. /PRNewswire/ — #FUTBOLNOW – Pepsi today unveiled details of their superstar 2014 football squad, bringing together an unprecedented wealth of international talent to create one of the most jam packed, multi-talented and iconic lineups ever. 19 of the world’s greatest players, spanning five continents and nearly 20 countries, are uniting with Pepsi to inspire fans the world over to “Live For Now” in 2014.
(Photo: http://photos.prnewswire.com/prnh/20140116/NY47346 )
Record breaking football superstar Leo Messi, Argentinian international striker Sergio Aguero and young British talent Jack Wilshere will be joined by Brazilian defender David Luiz, prolific goal scorer Robin van Persie and Spanish great Sergio Ramos as part of the global Pepsi lineup. These super six will be bolstered by additional footballing greats from across the globe representing their home countries, including: Juan Guillermo Cuadrado (Colombia), Clint Dempsey (USA), Tarik Elyounoussi (Norway), Maynor Figueroa (Honduras), Mario Gomez (Germany), Vincent Kompany (Belgium), Kemar Lawrence (Jamaica), Victor Moses (Nigeria), Peter Osaze Odemwingie (Nigeria), Oribe Peralta (Mexico), Andriy Pyatov (Ukraine), Mohamed Salah (Egypt) and Gylfi Por Sigurosson (Iceland).
“Football has been my passion since I was a little boy and it’s certainly one of the things I live for now. I am so proud to be partnering with Pepsi again and representing the brand globally as part of this star-studded team,” says four-time player of the year and Argentinian captain Leo Messi.
Earlier today the Pepsi players took to social media to unveil the entire roster in an exciting digital relay that reached fans across the globe.
David Luiz, Premier League player for Chelsea and vice-captain for Brazil’s national team, comments: “I’m excited to be teaming up with Pepsi and proud to be part of such a great team. For me, playing football is about making the most of every second on the pitch and showing your love and character for the game – and for the fans. I can’t wait to join fans from across the world and celebrate football.”
The global player announcement also kicked off a series of exciting year-long activities as part of the 2014 Pepsi Football campaign. Not only will the players star in Pepsi’s global television commercial released later in the year, a selection of the players will also be featured on limited edition, eye-catching packaging and point of sale across the globe, designed to bring to life their flair and enthusiasm for the game. Special commemorative packaging featuring the global Pepsi players will start appearing in market in March, while integrations with music, art, digital, interactive experiences and additional special products will be unveiled throughout the year. Throughout the years, football has been a strong driver of growth for PepsiCo, with both its global beverages and snacks brands activating robust programs in 2014.
Kristin Patrick, Pepsi Global Chief Marketing Officer, PepsiCo Global Beverages Group comments: “Pepsi has had a tremendous relationship with football, going back nearly 15 years. For this, our latest incarnation, we’ve brought together our most impressive Pepsi football roster yet, comprised of players who truly embody our brand spirit and excite and electrify us every time they step on the pitch. Our players know how to live for the moment, and throughout the year we’ll be collaborating with them to bring our fans exciting and engaging content, products and experiences – bringing fans closer to the game they love.”
For more information on Live For Now, visit http://www.Pepsi.com.
fans from across the world and celebrate football.”
About PepsiCo:
PepsiCo is a global food and beverage leader with net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Our main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo’s people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo’s promise to provide a wide range of foods and beverages from treats to healthy eats; to find innovative ways to minimize our impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for our associates; and to respect, support and invest in the local communities where we operate. For more information, please visit http://www.pepsico.com.
Source: PepsiCo
Related stocks: NYSE:PEP

Written by asiafreshnews

January 17, 2014 at 11:59 am

Posted in Uncategorized

Dominion Diamond Corporation reports Diavik and Ekati Diamond Mine Fourth Calendar Quarter Production

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TORONTO /PRNewswire/ — Dominion Diamond Corporation (TSX: DDC) (NYSE: DDC) (the “Company”) reports Diavik and Ekati Diamond Mine fourth calendar quarter production results.
Diavik Diamond Mine
The fourth calendar quarter of 2013 saw a continuing strong performance from the Diavik Diamond Mine. During the fourth calendar quarter of 2013, the Diavik Diamond Mine produced (on a 100% basis) 2.1 million carats from 0.54 million tonnes of ore processed compared to 1.9 million carats from 0.47 million tonnes of ore processed in the comparable quarter of the prior year.
Processing volumes in the fourth quarter were 16% higher than the prior year’s comparable quarter. This was a result of improvements in the mining rates as the underground ramp up progressed throughout the year to full production from all three pipes.
A new mine plan and budget for calendar 2014 is under final review by Rio Tinto plc and the Company. The plan for calendar 2014 foresees Diavik Diamond Mine production (on a 100% basis) of approximately 6.1 million carats from the mining and processing of approximately 1.9 million tonnes of ore. Mining activities will be exclusively underground with approximately 0.7 million tonnes expected to be sourced from A-154 North, approximately 0.8 million tonnes from A-154 South and approximately 0.4 million tonnes from A-418 kimberlite pipes. In addition to the 6.1 million carats produced from underground mining there will be production from reprocessed plant rejects (RPR) and production from the improved recovery of small diamonds. This additional production is not included in the Company’s ore reserves, and is therefore incremental. Based on historical recovery rates, the tonnage of this material which is planned to be processed during calendar 2014 would have produced 0.6 million carats from RPR and 0.2 million carats from the improved recovery process.

Ekati Diamond Mine
With the Company’s senior management now firmly established in Yellowknife, the Ekati Diamond Mine is performing well. During the fourth calendar quarter of 2013, the Ekati Diamond Mine produced (on a 100% basis) 0.4 million carats from the processing of 0.9 million tonnes of ore from the reserves. Activities through the calendar quarter continued to focus on ore production from the Fox open pit, and Koala and Koala North underground. The Company also recovered 0.1 million carats from the processing of 0.1 million tonnes of coarse ore rejects and diamond bearing kimberlite excavated from satellite bodies in the Misery open pit (referred to as Misery South & Southwest).
A new mine plan and budget for fiscal 2015 is under final review by the Company. In fiscal 2015, the Ekati Diamond Mine expects to process (on a 100% basis) approximately 2.7 million tonnes from the mineral reserve and produce approximately 1.0 million carats. The Company expects to process approximately 1.7 million tonnes from the Fox pipe (including stockpiles) and approximately 1.0 million tonnes split between Koala phase 5 and phase 6 & 7. Additional plant feed to keep the processing plant at capacity for the period will be sourced from additional levels in the Koala North underground (inferred mineral resources), the Misery South and Southwest diamond bearing satellite bodies as well as the stockpile of coarse ore rejects. The Koala North underground, Misery South and Southwest satellite bodies as well as the coarse ore rejects are not included in the Company’s reserves and resource statement and are therefore considered incremental to production.
Winter Road, Drilling Programme and Permitting
The Winter Road is expected to open in approximately two weeks and the relevant equipment will be mobilized via that road. The Company is working on a pre-feasibility study for the Jay Cardinal project which it aims to complete in calendar 2014.
The diamond and sonic core drilling programme which will be carried out at the Jay and Cardinal pipes and along alignments for the dikes planned for the proposed development is expected to commence in early-mid February 2014.
Permitting of both the Lynx kimberlite pipe and the Jay-Cardinal kimberlite pipes is proceeding as expected. Dates have been set in early February 2014 for public hearings on Lynx which has advanced directly to the permitting phase. At the same time, public scoping sessions are being held for Jay-Cardinal in order that the upcoming environmental assessment adequately focusses on issues of public interest. In parallel, and in support of the processes laid out by regulators, the Company continues discussions with its community partners in order to design the projects in a manner which minimizes any potential environmental impacts and at the same time maximizes local economic benefit.
Updated Life of Mine Plans
The Company expects to release an updated life-of-mine plan for both the Diavik Diamond Mine and the Ekati Diamond Mine including current estimates for anticipated annual production by pipe and associated operating and capital costs shortly.
Diavik Diamond Mine
For the 2013 calendar year, the Diavik Diamond Mine performed ahead of target, producing (on a 100% basis) 7.2 million carats from 2.1 million tonnes of ore processed compared to production of 7.2 million carats from 2.1 million tonnes of ore processed in the calendar 2012.
DIAVIK DIAMOND MINE PRODUCTION 40% BASIS
For the three months ended December 31, 2013 For the three months ended December 31, 2012

Pipe Ore Processed
(000s tonnes) Carats
(000s) Grade
(carats/tonne) Ore Processed
(000s tonnes) Carats
(000s) Grade
(carats/tonne)

A-154 South
A-154 North
A-418
RPR 51
69
94
2 220
144
418
44 4.28
2.10
4.46
– 67
42
77
0.6 313
89
344
14 4.66
2.11
4.49

Total 216 826 3.66 (a) 187 760 4.01(a)

(a) Grade has been adjusted to exclude RPR

For the twelve months ended December 31, 2013 For the twelve months ended December 31, 2012

Pipe Ore Processed
(000s tonnes) Carats
(000s) Grade
(carats/tonne) Ore Processed
(000s tonnes) Carats
(000s) Grade
(carats/tonne)

A-154 South
A-154 North
A-418
RPR 228
288
326
6 976
606
1,160
155 4.29
2.11
3.56
– 166
173
482
2 750
354
1,732
55 4.52
2.05
3.59

Total 848 2,897 3.26 (a) 823 2,892 3.45 (a)

(a) Grade has been adjusted to exclude RPR

Cost of Sales and Cash Cost of Production
Based on the current mine plan for the Diavik Diamond Mine for calendar 2014, the Company currently expects its 40% share of the cost of sales for the Diavik Diamond Mine in fiscal 2015 to be approximately $280 million (including depreciation and amortization of approximately $100 million). The Company’s 40% share of the cash cost of production at the Diavik Diamond Mine for calendar 2014 is expected to be approximately $155 million at an assumed average Canadian/US dollar exchange rate of $1.05.
Capital Expenditures
The Company currently expects Dominion Diamond Diavik Limited Partnership’s 40% share of the planned capital expenditures for the Diavik Diamond Mine in fiscal 2015 to be approximately $20 million, assuming an average Canadian/US dollar exchange rate of $1.05.
Ekati Diamond Mine
During the period from April 10, 2013 to December 31, 2013, the Company (on a 100% basis) has mined a total of 4.2 million tonnes from the Ekati Diamond Mine from reserves with approximately 3.5 million tonnes from the Fox pipe, approximately 0.2 million tonnes sourced from Koala Phase 5, approximately 0.2 million tonnes from Koala Phase 6 & 7, and slightly under 0.3 million tonnes from Koala North. During this period, production (on 100% basis) was 1.1 million carats from the processing of 2.8 million tonnes of ore from the reserves. The Ekati Diamond Mine also produced 0.33 million carats from the processing of 0.30 million tonnes of coarse ore rejects and diamond bearing kimberlite excavated from Misery South & Southwest.
EKATI DIAMOND MINE PRODUCTION 80% BASIS

For the three months ended December 31, 2013

Pipe Ore Processed
(000s tonnes) Carats
(000s) Grade
(carats/tonne)

Koala Phase 5
Koala Phase 6
Koala North
Fox
Misery South & Southwest
Coarse Ore Rejects 46
67
63
576
34
29 19
82
48
157
44
18 0.42
1.21
0.75
0.27
1.33
0.60

Total 815 367 0.45

EKATI DIAMOND MINE PRODUCTION 80% BASIS

For the period from April 10, 2013 (date of acquisition) to December 31, 2013

Pipe Ore Processed
(000s tonnes) Carats
(000s) Grade
(carats/tonne)

Koala Phase 5
Koala Phase 6
Koala North
Fox
Misery South & Southwest
Coarse Ore Rejects 145
156
187
1,710
176
63 57
199
140
514
238
23 0.39
1.27
0.75
0.30
1.36
0.37

Total 2,437 1,172 0.48

Cost of Sales and Cash Cost of Production
Based on the current mine plan for the Ekati Diamond Mine for fiscal 2015, the Company currently expects cost of sales at the Ekati Diamond Mine (on a 100% basis) in fiscal 2015 to be approximately $520 million (including depreciation and amortization of approximately $125 million). The cash cost of production at the Ekati Diamond Mine for fiscal 2015 is expected to be approximately $360 million (on a 100% basis) at an assumed average Canadian/US dollar exchange rate of $1.05.
Capital Expenditures
The planned capital expenditures for the core zone at the Ekati Diamond Mine for fiscal 2015 (on a 100% basis) are expected to be approximately $195 million at an assumed average Canadian/US dollar exchange rate of $1.05. The planned capital expenditures include approximately $100 million for the continued development of the Misery Pipe, consisting largely of mining costs to achieve ore release, and approximately $55 million towards the development of the Pigeon Pipe.
Pricing
Based on the Company’s sales during the fourth calendar quarter of 2013 and the current diamond recovery profile of the Diavik and Ekati processing plants, the Company has modeled the approximate rough diamond price per carat for each of the ore types below. The prices for the diamonds recovered from Misery South and Southwest extension as well as the coarse ore rejects that are not in reserves are expressed as ranges since there is limited sample data available.

Diavik Ore Type December 2013
Average Price per Carat
(in US dollars) Ekati Ore Type December 2013
Average Price per Carat
(in US dollars)

A-154 South $140 Koala Phase 5 $350

A-154 North $180 Koala Phase 6 $405

A-418 $100 Koala North $420

RPR $50 Fox $305

Misery South & South West $80 – 100

Coarse Ore Rejects $65 – 120

Non-IFRS Measure
This disclosure refers to cash cost of production, a non-IFRS performance measure, in order to provide investors with information about the measure used by management to monitor performance. This information is used to assess how well each of the Diavik Diamond Mine and Ekati Diamond Mine is performing compared to the mine plan and prior periods. Cash cost of production includes mine site operating costs such as mining, processing and administration, but is exclusive of amortization, capital, and exploration and development costs. Cash cost of production does not have any standardized meaning prescribed by IFRS and differs from measures determined in accordance with IRFS. This performance measure is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. This measure is not necessarily indicative of net profit or cash flow from operations as determined by IFRS.
Qualified person
The scientific and technical information contained in this press release has been prepared under the supervision of Mats Heimersson, P. ENG, an employee of the Company and a Qualified Person within the meaning of National Instrument 43-101.
About Dominion Diamond Corporation
Dominion Diamond Corporation is a Canadian diamond mining company with ownership interests in two of the world’s most valuable diamond mines. Both mines are located in the low political risk environment of the Northwest Territories of Canada. The Company is the fourth largest diamond producer by value globally and the largest diamond mining company by market capitalization, listed on the Toronto and New York Stock Exchanges.
The Company operates the Ekati Diamond Mine through its 80% ownership as well as a 58.8% ownership in the surrounding areas containing additional resources. It also sells diamonds from its 40% ownership in the Diavik Diamond Mine.
For more information, please visit http://www.ddcorp.ca
Forward-Looking Information
Certain information included herein, including information about mining activities, estimated production from the Company’s mining properties, cost of sales and cash cost of production estimates and planned capital expenditures, constitutes forward-looking information or statements within the meaning of applicable securities laws. Forward-looking information is based on certain factors and assumptions including, among other things, the current mine plans for each of the Diavik Diamond Mine and the Ekati Diamond Mine; mining, production, construction and exploration activities at the Company’s mineral properties; currency exchange rates; and world and US economic conditions. Forward-looking information is subject to certain factors, including risks and uncertainties, which could cause actual results to differ materially from what the Company currently expects. These factors include, among other things, the uncertain nature of mining activities, including risks associated with underground construction and mining operations, risks associated with joint venture operations, including risks associated with the inability to control the timing and scope of future capital expenditures, the risk that the operator of the Diavik Diamond Mine may make changes to the mine plan and other risks arising because of the nature of joint venture activities, risks associated with the remote location of and harsh climate at the Company’s mineral property sites, risks resulting from the Eurozone financial crisis, risks associated with regulatory requirements, the risk of fluctuations in diamond prices and changes in US and world economic conditions, the risk of fluctuations in the Canadian/US dollar exchange rate and cash flow and liquidity risks. Actual results may vary from the forward-looking information. Readers are cautioned not to place undue importance on forward-looking information, which speaks only as of the date of this disclosure, and should not rely upon this information as of any other date. While the Company may elect to, it is under no obligation and does not undertake to, update or revise any forward-looking information, whether as a result of new information, further events or otherwise at any particular time, except as required by law. Additional information concerning factors that may cause actual results to materially differ from those in such forward-looking statements is contained in the Company’s filings with Canadian and United States securities regulatory authorities and can be found at http://www.sedar.com and http://www.sec.gov, respectively.
Mr. Richard Chetwode, Vice President, Corporate Development – +44 (0) 7720-970-762 +44 (0) 7720-970-762 FREE or rchetwode@ddcorp.ca
Ms. Kelley Stamm, Manager, Investor Relations – +1(416) 205-4380 +1(416) 205-4380 FREE or kstamm@ddcorp.ca
(DDC. DDC)
Source: Dominion Diamond Corporation
Related stocks: NYSE:DDC Toronto:DDC

Written by asiafreshnews

January 17, 2014 at 11:52 am

Posted in Uncategorized