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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 Apr 2022 11:52

IN BRIEF: BlueRock Diamonds's March sales rise to USD1,000 per carat

BlueRock Diamonds PLC - diamond producer focused on South Africa - Says the average tender price of a total parcel of diamonds sold was over USD1,000 per carat, significantly up from the average price of about USD600 in January and February.

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31 Mar 2022 10:54

IN BRIEF: BlueRock Diamonds shares fall on discounted placing

BlueRock Diamonds PLC - diamond producer focused on South Africa - Raises GBP2.1 million through a placing of 6.0 million shares at a price of 35 pence each. This price represents a 35% discount to the company's closing price of 53.50p on Wednesday. The proceeds will be used to implement its upgraded mining plan and pay its contractor.

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31 Mar 2022 09:45

BlueRock Diamonds tumbles after discounted placing

(Sharecast News) - BlueRock Diamonds shares tumbled on Thursday after the AIM-listed diamond producer announced a discounted share placing to help implement its upgraded mining plan and pay a contractor.

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4 Mar 2022 21:44

TRADING UPDATES: Resolute Mining ups mine life and mineral resources

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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4 Mar 2022 07:52

BlueRock Diamonds sells four gem quality stones for $460,000

(Sharecast News) - AIM-listed BlueRock Diamonds said on Friday that it sold four gem quality stones in February for $460,000 and that the current geopolitical situation could lead to more shortages of rough diamonds.

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22 Feb 2022 14:51

IN BRIEF: BlueRock Diamonds discovers 11.95 carat stone at Kareevlei

BlueRock Diamonds PLC - Kareevlei diamond mine in the Kimberley region of South Africa - Discovers an 11.95 carat stone with an expected valuation in excess of USD100,000 at its Kareevlei diamond mine.

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22 Feb 2022 14:01

BlueRock Diamonds discovers stone worth over $0.1m

(Sharecast News) - BlueRock Diamonds, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa, announced the discovery of an 11.95 carat stone on Tuesday.

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25 Jan 2022 10:46

IN BRIEF: BlueRock Diamonds up on significant January diamond sale

IN BRIEF: BlueRock Diamonds up on significant January diamond sale

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17 Jan 2022 17:04

LONDON MARKET CLOSE: Stocks rise as China cuts rates on policy loans

LONDON MARKET CLOSE: Stocks rise as China cuts rates on policy loans

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17 Jan 2022 14:40

BlueRock Diamond shares surge as annual revenue more than doubles

BlueRock Diamond shares surge as annual revenue more than doubles

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5 Jan 2022 13:07

BlueRock Diamonds announces resignation of COO Gus Simbanegavi

BlueRock Diamonds announces resignation of COO Gus Simbanegavi

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22 Dec 2021 12:02

BlueRock restricts mine operations as Covid cases hit workforce

BlueRock restricts mine operations as Covid cases hit workforce

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22 Dec 2021 11:28

AIM WINNERS & LOSERS: BlueRock hit by Covid; D4T4 up on contract wins

AIM WINNERS & LOSERS: BlueRock hit by Covid; D4T4 up on contract wins

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2 Dec 2021 22:05

TRADING UPDATES: Chariot plan raise; Xtract drilling progressing

TRADING UPDATES: Chariot plan raise; Xtract drilling progressing

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23 Nov 2021 20:27

TRADING UPDATES: CML Microsystems doubles dividend; Helical in profit

TRADING UPDATES: CML Microsystems doubles dividend; Helical in profit

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