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Richland reaps Capricorn redevelopment benefits

With the redevelopment and production ramp-up at the Capricorn sapphire operation in Queensland, Australia, now at full speed, Aim-listed Richland Resources would spend the next year focusing on optimising operations, including sales, marketing and the restructuring of online sales, and improving revenue generation. The gemstone producer and developer said on Tuesday that infrastructure improvements and modifications, which were ongoing, would enable a ramp-up to 800 000 ct a quarter in the second quarter of this year.