11 May 2020 07:00
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
11 May 2020
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Operations Recommence
BlueRock Diamonds PLC, the AIM listed diamond producer, which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in the Kimberley region of South Africa, is pleased to announce that both mining and processing operations at Kareevlei have recommenced as of this morning. The Company expects to be operating at capacity by the end of May 2020, however, its expansion plans remain on hold.
BlueRock Executive Chairman, Mike Houston, said, "Management and the Board have put a lot of effort and thought into the start-up of our Kareevlei operation and in particular the safety of our employees and the risks associated with production and the market in what is a challenging and developing situation. We look forward to providing further details in due course."
Market Abuse Regulation (MAR) Disclosure - Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
ENDS
BlueRock Diamonds PLC Mike Houston David Facey, FD |
mhouston@bluerockdiamonds.co.uk dfacey@bluerockdiamonds.co.uk |
SP Angel (NOMAD and Broker) Stuart Gledhill / Caroline Rowe |
Tel: +44 (0)20 3470 0470 |
St Brides Partners Ltd (Financial PR) Susie Geliher / Cosima Akerman |
Tel: +44 (0)20 7236 1177 |
Notes to editors:
BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes. As at November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.