ACtual news, unformatted.
February 2017 Mustang triples processing rate after successful plant ramp-up at Mozambique ruby project First gems now being cut in US ahead of sales to leading jewellery wholesalers next month Highlights: Mustang has completed the first phase of the processing plant ramp-up at its Montepuez Ruby Project in Mozambique following relocation of the plant late last year Processing running well ahead of targeted rate of 525tpd a day, hitting up to 1000tpd Targeted processing rate forecast to increase monthly recoveries substantially First rubies now being cut by internationally-renowned gemstone cutter and polisher Meg Berry in Tucson, Arizona Follows last month’s dispatch of first parcel of gems totalling 6,221 carats to US service providers and customers Cut stones will be certified at the laboratory of leading global gem analyst GIA in California this month First sales to leading wholesalers scheduled to take place next month Two additional ‘special stones’ of more than 5cts to be added to the parcel to be cut including one high quality 11ct ruby
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- Ann: Mustang Processing Ramp Up Nearing First Sales
Ann: Mustang Processing Ramp Up Nearing First Sales, page-8
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