KIM Kimcor

RNS Number:1969Q
KimCor Diamonds plc
17 March 2008

                                                                   17 March 2008



                              KimCor Diamonds plc

                          ("KimCor" or the "Company")



                       SMI4 TAILINGS PLANT COMMISSIONING



KimCor Diamonds plc, a diamond producer and exploration company with properties
in South Africa and Tanzania is pleased to announce the recommencement of
production at the Company's SMI4 tailings plant.



HIGHLIGHTS



*        Initial processing of the 15.5 million tonne tailing resource with an
average recoverable grade of 6 carats per hundred tonnes will be at a rate of
60,000 tonnes per month ("tpm");



*        Phase Two construction is underway with the installation of eight 14ft
diamond recovery pans, and is scheduled for completion for the end of March
2008; and



*        Following this, plant processing will increase to 100,000tpm,
management will assess potential for further expansion of the plant capacity to
250,000tpm.



The agreement regarding the acquisition of the SMI4 tailings dumps entered into
between the Company's subsidiary, Superkolong Holdings Limited (amongst others)
and De Beers Consolidated Mining closed on Thursday 6 March 2008.



Commissioning and production re-commenced on 14 March 2008. Superkolong remains
on schedule to complete the Phase Two expansion by the end of March, 2008.



Martyn Churchouse, Chief Executive Officer commented "The plant construction
team has done an excellent job and has met the scheduled completion date. The
next objective is to have the plant operate on a continuous routine basis as
quickly as possible and achieve economies of scale to maximise our operating
margin".





Enquiries:



KimCor Diamonds plc                                           Tel: 020 3178 6179
Martyn Churchouse

Strand Partners Limited                                       Tel: 020 7409 3494
Simon Raggett
Warren Pearce
Victoria Milne-Taylor

Bishopsgate Communications Ltd                                Tel: 020 7562 3350
Maxine Barnes
Nick Rome






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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