logo-loader
Bluerock Diamonds Plc

BlueRock Diamonds commences work to rectify cone crusher at Kareevlei diamond mine

The AIM-listed diamond mining company said when fixed, the cone crusher will allow for improved capacity as BlueRock enters its next phase of development

truck driving through a mine
The company expects the production to recommence within the next ten days

BlueRock Diamonds PLC (LON:BRD) has announced that work has commenced to rectify the fault in the cone crusher within the crushing circuit, which has been affecting throughput at Kareevlei Diamond Mine in South Africa.

The AIM-listed diamond mining company said when fixed, the cone crusher will allow for improved capacity as BlueRock enters its next phase of development.

READ: Bluerock Diamonds tops up with £350,000 placing as mining begins at new pipe at Kareevlei

The company expects the production to recommence within the next ten days.

BlueRock Diamonds, together with its independent engineering consultant, have been evaluating the crushing circuit and implementing changes to optimise mining performance as the company looks to build production and commence open pit mining at its second kimberlite pipe, KV01.

Adam Waugh, CEO of BlueRock Diamonds, said: “As reported, we have been looking to optimise performance of the crushing circuit as we look to build on our production profile at Kareevlei.”

“The downtime is obviously frustrating, but with the problem identified we can now implement a solution that we believe will have a positive impact on overall performance once rectified.”

In lunchtime trading, BlueRock’s shares fell 8% to 1.15p.

 

 

Quick facts: Bluerock Diamonds Plc

Price: £0.90

Market: AIM
Market Cap: £2.94 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bluerock Diamonds Plc named herein, including the promotion by the Company of Bluerock Diamonds Plc in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Bluerock Diamonds 'looking forward to more steady and predictable' second half

Adam Waugh, chief executive of Bluerock Diamonds Plc (LON:BRD), discusses with Proactive's Andrew Scott the miner's second quarter and first half update. Production in the first half of the year was up 81% year-on-year at 73,028 tonnes, with production for the second half expected to be...

on 9/7/18

2 min read