https://www.miningweekly.com

POZ to bid for Ellendale mine

4th September 2018

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed POZ Minerals on Tuesday told shareholders that it will throw its hat in the ring for the Ellendale diamond mine, in Western Australia.

The state government in late August announced that it was looking for a new owner to reopen the Ellendale mine, with expressions of interest (EOI) expected to close at the end of November.

The Minister of Mines and Petroleum will choose the successful candidate after considering the expressions of interest, and a successful company will likely be announced in early 2019.

POZ told shareholders that the company was well placed as a participant in the EOI process, as it is already developing the Blinda diamond project, which surrounds the Ellendale diamond mine lease area, and has already been granted mining leases over the surrounding Blinda project.

The company said that the consolidation of these two projects was the logical outcome for the area to enable significant operational synergies, making the development of the whole area considerably more efficient.

POZ added that the acquisition of Ellendale would be a major step in building a branded diamond mining company producing fancy yellow diamonds, for which both the Blinda and Ellendale operations are famous.

Ellendale was operational between 2002 and 2015 and provided nearly half of the world’s fancy yellow diamonds, producing nearly 424 000 ct of diamonds.

Edited by Creamer Media Reporter

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.128 0.165s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: