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Revised 2021 guidance
Previous 2021 guidance
2022 guidance
2020 actual
Carats produced
22,000 to 26,000
24,000 to 28,000
40,000 to 43,000
15,371
Grade
4.0 to 4.3
4.0 to 4.5
4.0 to 4.3
3.8
Value per carat USD
400 to 440
400 to 440
400
295
Revenue USDm
8.8 to 11.6
9.6 to 12.3
16.0 to 17.2
3.6
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
19 August 2021
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
High quality 14.3 carat diamond discovered
BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, announces the discovery of a 14.3 carat stone, the third high quality large stone in August to date.
Mike Houston, Executive Chairman said, "I am delighted to report the discovery of another high quality and high value diamond, a 14.3 carat stone.
"The discovery of this diamond, which swiftly follows the discoveries of a 58.6 carat and a 21.6 carat stone in the past few weeks, provides further encouragement for the 'size frequency distribution forecast' that indicate our pipes should deliver large carat diamonds.
"I look forward to reporting on the realised value for these three exceptional stones following the conclusion of the August tender at the end of this month."
Large stones recovered in 2021
Date sold 2021
Carats
Value US$
Value per carat US$
August (1)
14.3
TBA
TBA
August (1)
58.6
TBA
TBA
August (1)
21.6
TBA
TBA
May
6.3
52,000
8.300
March
8.4
89,000
10.600
10.7
73,000
6.800
9.8
53,000
5.500
January
14.8
163,000
11.000
(1) To be sold in the August tender
(2) It is the Company policy to announce all stones sold with a value of in excess of USD50k
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
COVID-19: Sewage surveillance reveals 'widespread increase' of coronavirus in England last month
Device Authority is Leader in SPARK Matrix: IoT Identity & Access Management IoT IAM ), 2021
According to the SPARK Matrix analysis of the global IoT Identity & Access Management market, “Device Authority, with a robust functional capability of its product - ‘KeyScaler’, has secured strong ratings across the performance parameters of technology excellence and customer impact, and has been positioned amongst the technology leaders in the 2021 SPARK Matrix of the IoT Identity & Access Management market.”
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
12 July 2021 LSE: PDL
Petra Diamonds Limited
("Petra" or the "Company" or the “Group”)
Sale of 39.34ct Exceptional Type IIb blue diamond for just over US$40 million
Petra Diamonds Limited is pleased to announce that the 39.34 carat exceptional Type IIb blue diamond recovered at the Cullinan diamond mine in April 2021 has been sold to a partnership between De Beers and Diacore for US$40,180,180, payable in cash prior to delivery of the stone.
Mined from the Cullinan C-Cut, this adds to the famous diamonds that have originated from this iconic mine. The diamond achieved a price of US$1,021,357 per carat.
Richard Duffy, Chief Executive Officer, commented on the sale:
“This sets a new milestone for Petra in achieving its highest price for a single stone and follows the sale of the 299 carat Type IIa white diamond in March this year and the five blue diamonds comprising the Letlapa Tala Collection in November 2020, purchased by the same De Beers Diacore partnership.”
Photos of the diamond can be viewed at: www.petradiamonds.com/media/image-library/diamonds.
~ Ends ~
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Marianna Bowes investorrelations@petradiamonds.com
Des Kilalea
Julia Stone
About Petra Diamonds Limited
It’s on advfn https://www.advfn.com/stock-market/london/BRD/stock-news/85566389/bluerock-diamonds-sells-39-34-carat-blue-diamond-f
BlueRock Diamonds PLC said Monday that it has sold a 39.34 carat exceptional Type IIb blue diamond to a partnership between De Beers and Diacore for $40.2 million, the highest ever received by the company for a single stone.
The diamond was recovered at the Cullinan diamond mine, South Africa in April, BlueRock said.
De Beers is a subsidiary of Anglo American PLC.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
July 12, 2021 11:49 ET (15:49 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Bluerock Diamonds (LSE:BRD)
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BlueRock Executive Chairman, Mike Houston, said, "It is difficult to compare production and sales numbers versus 2020 where Covid-19 impacted materially on the operations and the market. However, the Q2 figures are very pleasing with the tonnes processed a record and achieved whilst the operation is transitioning to the new plant. Furthermore, the grade has been consistent and the average size and quality of diamonds excellent as reflected in the sales price achieved.
"We continue to develop the main pit in preparation for the projected higher tonnages in the second half of the year once we have commissioned the new plant, which will enable us to hit our run rate production target of 1Mtpa and annual revenue of circa USD16m assuming a grade of 4 cpht and an average sale price of USD400 per carat.
"The market has remained firm throughout the quarter with a strong buyer presence at the local tenders and a robust demand for the Kareevlei product. The overall market outlook is positive with a tightness on the rough diamond supply side and a growing retail sector as global economies continue to open up.
"The Covid situation in South Africa has deteriorated recently but with established mine protocols in place it has not to date impacted on the operations or the planned completion of the expansion project; management continue to monitor the situation closely. I look forward to updating shareholders during what remains a challenging but exciting period for the Company."
http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE229074
Accordingly, by the end of the year, we expect BlueRock to be a very different company, with annual run rate revenues doubled to +USD16m, and cost per unit cost reduced to c. USD220 per carat, thereby providing a healthy margin compared with our average sale price for 2019 (pre-COVID) of US$415 and the first five months of 2021 of USD424 per carat.
We appreciate that it has been a challenging period and in reality, it has set BlueRock back the best part of a year on its growth plan at the Kareevlei operation and we would like to thank shareholders for their continued support.
However, with the expansion plans coming to fruition, we are highly optimistic for BlueRock's future and look forward to providing further updates on progress.
o In addition, several large projects, including two multi-million pound opportunities due for decision in 2021 have the potential to drive higher growth
Sewage sites to test for traces of coronavirus
Could sewage provide an early warning system to detect local coronavirus outbreaks? Ninety wastewater treatment sites in England, Wales and Scotland are to start testing for fragments of the virus's genetic material, which scientists say can be detected even when there are only asymptomatic Covid-19 cases in a community. Results will be shared with test-and-trace systems.