Email Facebook Twitter

London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England

Alliance News

BlueRock Diamonds Prepares To Move To 365-Day Operations

Fri, 15th Mar 2019 12:24

LONDON (Alliance News) - BlueRock Diamonds PLC on Friday said it is finalising its preparations to move to 365-day operations at the Kareevlei Diamond Mine in South Africa after receiving the necessary permissions.

Although the move comes "slightly later than had been anticipated", BlueRock said it has not had any material impact on its production volume guidance of between 35,000 tonnes to 45,000 tonnes in the first quarter.

Furthermore, the firm added that the production volume for the first quarter is expected to be "nearer the upper end of this range".

"The move to 365-day operations is a significant step in our drive to increase production volumes and move towards profitability," Chief Executive Officer Adam Waugh said.

BlueRock Diamonds shares were trading up 4.4% at 0.26 pence each.

By Elena Cherubini;

Copyright 2019 Alliance News Limited. All Rights Reserved.

Alliance News

Back to Alliance News

Share Price, Share Chat, Stock Market news at
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.