- BlueRock Diamonds ‘very pleased’ with Q2 production
- BlueRock Diamonds boost production and get set for new plant opening in Q1
Quick facts: Bluerock Diamonds PLC
BlueRock Diamonds PLC, listed on AIM in London, operates the Kareevlei Diamond mine near Kimberley in South Africa, the birthplace of diamond mining. Kareevlei consists of 5 known kimberlite pipes and produce diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat.
09 Jul 2021
BlueRock Diamonds Plc () said its second quarter production performance was “very pleasing” as the operator of the Kareevlei Diamond mine in South Africa revealed a rebound in production following a Coronavirus (COVID-19)-hampered 2020.
Friday’s production report showed the Kareevlei diamond mine processed 134,510 tonnes in the 2021 quarter, up 48% from 90,830 tonnes a year ago. Grades were marked at 4.05 carats per hundred tonne (CPHT) this year versus 2.76 cpht.
A total of 5,442 carats of diamonds were produced in Q2 2021, up 117% from 2,510. Sales tallied 5,106 carats, up from 2,413 carats. Prices also improved significantly, rising 48% year-on-year to US$427.8 per carat.
“It is difficult to compare production and sales numbers versus 2020 where COVID-19 impacted materially on the operations and the market,” said chairman Mike Houston. “However, the Q2 figures are very pleasing with the tonnes processed a record and achieved whilst the operation is transitioning to the new plant.”
30 Jun 2021
BlueRock Diamonds PLC () said it expects to complete the expansion project shortly at its Kareevlei diamond mine in South Africa.
It anticipates building up to full production in August enabling it to hit its full-year output guidance of 750,000 tonnes to 850,000 tonnes processed and between 30,000 to 39,000 carats produced.
21 May 2021
BlueRock Diamonds PLC () said the expansion project at Kareevlei remains on track to be commissioned in July, with around 80% of the work completed.
The expansion project at the mine, in the Kimberley region of South Africa, is expected to more than double the diamond producer’s annual revenue to around US$16mln while the company’s total unit cost is set to reduce significantly to around US$220 per carat compared with BlueRock’s average sale price for the first three months of 2021 of US$446 per carat.
13 Jan 2021
BlueRock Diamond PLCs’ () finance director, David Facey talks to Proactive London about managing to boost production at its Kareevlei mine in South Africa during the 2020.
Facey addresses the challenges of operating a diamond mine in the midst of an unprecedented global pandemic as well as confronting heavy rainfall.
During the 2020 full year to 15,371 carats, up from the 14,033 produced in 2019.
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BlueRock Diamond PLCs’ (LON:BRD) finance director, David Facey talks to Proactive London about the prospects for the diamond industry in 2021.
One of the key indicators of what’s to come for the diamond firm, is the sale of a 14.8 carat stone for US$167,000, equating to a price per carat of…
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