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BlueRock Diamonds PLC operating well and keen to expand production says FD David Facey

BlueRock Diamond PLCs’ (LON:BRD) finance director, David Facey, says the junior was operating profitably at the year-end even after losing a month installing a new crusher at the Kareevlei mine. Combining the two pits at the South Africa-based operation will also be hugely more efficient, he told Proactive. Prices of diamonds have not been hit as hard as expected by the coronavirus disruption, he added, while operation restarted on May 11. The mine is running at around 500,000 tonnes a year at present, he added but BlueRock will wait to see how the disruption settles down before putting out any guidance. Things are going well, though, he adds.

Quick facts: Bluerock Diamonds Plc

Price: 50 GBX

AIM:BRD
Market: AIM
Market Cap: £2.63 m
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BlueRock Diamonds chairman updates on sale of 2,400 carats from Karevleei mine

BlueRock Diamonds PLC's (LON:BRD) Mike Houston speaks to Proactive's Andrew Scott following the news they've sold 2,400 carats from its Karevleei mine in South Africa at an average price of US$290 per carat for a total of US$700,000. Houston adds that following receipt of the sale proceeds the...

3 weeks, 2 days ago

2 min read