BDI Mining has received an independent valuation of $266/ct for the first parcel of diamonds recovered from initial Phase II mining at the Cempaka diamond mine in southeast Kalimantan , Indonesia .

The run-of-mine parcel of 702 ct was recovered from initial mining and plant commissioning of the first open pit in the main Cempaka channel. Phase II of operations have started and will target production of 100,000 ct/year.

BDI Mining managing director and CEO Lee K. Spencer says, "We are very pleased with the valuation of the first stones from the main Cempaka channel which so far have had a higher average stone size and better stone quality than Danau Seran. And with a grade consistent with our projections, we are hopeful that the high valuation will impact significantly on revenues from Phase II of operations". www.bdiminingcorp.com

News sourced from International Mining Project News - www.im-mining.com