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BlueRock Diamonds ramps up production

Thu, 31st Mar 2016 16:32

(ShareCast News) - BlueRock Diamonds was ramping up production at its two plants, it reported on Thursday, with a strategic review underway to ensure it was operating at maximum efficiency.The AIM-traded company appointed specialist mining consultancy VBKOM to join its management team, and to review its mining strategy and produce a life-of-mine plan in January.Thursday's update saw the board confirm that process was now underway, and was expected to be finalised in the next couple of months.Additionally, BlueRock was looking to appoint an experienced mine manager as part of its strategic review, and had identified an individual it hoped to hire in the coming weeks.On the production front, BlueRock's combined throughput at the Kareevlei and Diacar plants was now in excess of 20,000 tonnes per month, up from 14,000 tonnes reported in December."The water shortages that we faced during the very dry summer have been alleviated by rain and a change in our processing which enables us to utilise the water that we have more efficiently and we are exploring ways of preventing this recurring," the company's board said in a statement.BlueRock also reported that values per carat remained significantly higher than initially anticipated, with average values for the first three months of 2016 sitting at $263 per carat for Kareevlei and $469 for Diacar."However, until both plants are operating at their optimum efficiency we will be unable to be certain of our run of mine average value per carat," the board explained.
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5 Mar 2014 11:54

REPEAT: UK WINNERS & LOSERS: Admiral Group Motors Leads Blue-Chip Gainers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Admiral Group, up 7%. The motor insurer reported a 7% increase in 2013

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5 Mar 2014 11:51

UK WINNERS & LOSERS: Admiral Group Motors To Lead Blue-Chip Gainers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Admiral Group, up 7%. The motor insurer reported a 7% increase in 2013

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5 Mar 2014 10:10

BlueRock Progresses Operations At Kareevlei, Recovers First Diamonds

LONDON (Alliance News) - BlueRock Diamonds PLC Wednesday said it is progressing with trial mining operations, has recovered its first diamonds, and has completed improvement works on its processing plant at Kareevlei in South Africa . The diamond exploration and production company, which wa

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27 Sep 2013 12:01

BlueRock Diamonds Posts Loss As It Prepares Production Ramp Up

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4 Sep 2013 09:25

BlueRock Diamonds floats on AIM with plans to resurrect De Beers mine

South African mining junior BlueRock Diamonds has begun its first day of dealing on AIM and put in place plans to bring an old De Beers mine back to life. The company raised a gross £1.31m from the issue of new shares in order to buy the mining rights to the Kareevlei Tenements, not far from noted

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