IGE Resources AB announced that its Cassanguidi mine in Angola is set to increased diamond production.

The diamond miner has configured operations in the mine to run 24/7.

IGE said the mine has been operated at this rate for the last three weeks without interruptions and with consistent daily diamond production.

The monthly output from Cassanguidi is expected to be more than 5,000 carats by the third quarter 2010.

IGE estimates that the Cassanguidi project holds more than 1.3 million carats of rough diamonds in the ground, with a potential gross value of more than $215 million, making it IGE’s highest valued asset in Angola in terms of reserves.

Cassanguidi is the first of IGE’s diamond projects coming on-stream. IGE’s nine diamond projects in Southern Africa represent an estimated resource base of more than 13.5 million carats.