News

Advanced Search

Kimberley Diamonds to Reopen E4 for Mining at Ellendale

Feb 21, 2014 12:46 PM   By Jeff Miller
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share

RAPAPORT... Kimberley  Diamonds  Limited plans to recommence diamond mining  at its  Ellendale  E4  mine  this  year and anticipates producing 200,000 carats of diamonds from the parcel in 2015. Alex  Alexander,  the executive  chairman  of  Kimberley  Diamonds, stated that Ellendale currently  produces  120,000  carats  of  diamonds annually from E9 and with E4 back in the pipeline, they anticipate at least twice the current level of rough production.

''Having the two mines in operation at Ellendale creates synergies and reduces operating costs, resulting  in  higher  operating  margins.  The  reopening  of  E4  further  advances  our  strategy  of becoming a diversified diamond producer,'' he said.

Ellendale's E4  operation  was  placed  on  care  and  maintenance  in  February  2009 by Gem Diamonds Limited, which operated the mine until Kimberley Diamonds acquired the property. JORC-compliant  E4 indicated  resource was measured at 6.1 million tonnes of ore and 6.66 carats per hundred tonnes (cpht), while inferred resources registered 50 million tonnes of ore at 3.92 cpht for a total of 2.37 million carats, according to the junior explorer.


Tags: diamond production, Ellendale, Jeff Miller, Kimberley Diamonds, mining
Similar Articles
Alrosa International Mine 150Alrosa Mine Restarts Following Virus Closure
Jun 30, 2020
Alrosa has resumed operations at its International underground mine following a brief suspension after several employees
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2020 by Rapaport USA Inc. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are registered TradeMarks.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.