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W AUSTRALIAN DIAMOND MINE SET TO GENERATE US$54.9 MLN IN EXPORTS.

AsiaPulse News

| September 02, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

PERTH, Sept 2 Asia Pulse - A northern Western Australia diamond mine is expected to generate more than $A100 million ($US54.95 million) in export earnings over the next three years.

Officially opening the Ellendale Diamond Mine today, West Australian premier Geoff Gallop said it had enormous earning potential given the buoyancy of world diamond prices.

Owned by the Kimberly Diamond Company, the Ellendale mine is the state's second diamond mine and will initially process about 700,00 tonnes of ore each year, resulting in a recovery of about 350,000 carats.

Dr Gallop said it was expected to generate more than $A100 million ($US54.95 million) in ...

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