https://www.miningweekly.com

BlueRock lifts Kareevlei production by 81% y/y in H1

6th July 2018

By: Nadine James

Features Deputy Editor

     

Font size: - +

Aim-listed BlueRock Diamonds’ Kareevlei diamond mine, in Kimberley, in the Northern Cape, achieved “good” production during the second quarter, contributing to an 81% year-on-year increase in tonnes processed to 73 028 t for the first half of this year.

Revenue per tonne processed amounted to $7.76.

The miner noted that 34 247 t of ore was processed in the second quarter, compared with 38 781 t in the first quarter, despite an aggregate downtime of about five weeks owing to a crusher fault and inclement weather.

BlueRock sold 875.31 ct in the second quarter, compared with 1 563 ct in the first quarter, at average revenue per carat of $305.34, reinforcing the Kareevlei mine’s position as one of the top-ten highest value-per-carat diamond mines in the world.

“Thanks to our experienced team on the ground, we have had a successful quarter, continuing to produce exceptional quality diamonds from our Kareevlei project . . .,” commented CEO Adam Waugh on Friday.

Kimberlite pipe KV2 delivered an average mined grade of 2.45 carats per hundred tonnes (cpht), but grades are expected to improve as mining progresses deeper. 

As such, BlueRock is targeting an average grade of between 3.5 cpht and 4.5 cpht for the full year.

           

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The functionality you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION