Almas Resources: Emerging Diamond Producer

Ellendale Mine’s Yellows May Rise Again

八月 30, 2018

‘The Western Australian government is looking for experienced companies to operate the Ellendale mine, which is famous for its fancy-yellow diamonds.
On offer are Ellendale’s E4 and E9 pits, storage facilities and infrastructure. For the past two years, the state’s Department of Mines, Industry Regulation and Safety has been managing the site through its abandoned-mines program.
Ellendale produced nearly half of the world’s supply of rare yellow, and was also the main supplier of fancy-yellow diamonds for luxury Jewellery retailer Tiffany & Co.
A new Western Australia-based mining company POZ Minerals recently bought the Blina diamond project, an area next to Ellendale. Sample testing there yielded a parcel of stones over 2 cts, including several fancy yellows. The overall valuation was $389 per carat with the fancy-yellow diamonds expected to sell for $3,391 per carat.
Mining companies interested in operating Ellendale have until November 30 to submit an expression of interest to the government. The department plans to announce the chosen company by early 2019.’
Source: Rapaport

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