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Kimberley Diamonds to Reopen E4 for Mining at Ellendale

Feb 21, 2014 12:46 PM   By Jeff Miller
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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
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