De Beers only selling Elizabeth Bay Mine in Namibia, move to sustain operations beyond 2019

Namdeb Holdings, a 50/50 joint venture between the Namibian government and De Beers is not selling Daberas, Sendelingsdrift and Southern Coastal mines in the southern African country. It had been alleged that Namdeb was planning to close and offload...

Yesterday

Colorless diamonds as an investment class are evolving beyond their traditional ability to preserve, relocate and pass on wealth

Antonio Cecere, the Founder & VP of Monaco Diamond Exchange dons many caps simultaneously. Currently, he is the President of Geneva Diamond Exchange, the President of Diamond Investment Club and the Principal of the Cecere Group. Antonio’s ability to...

15 april 2019

Jewellery with diamonds, even with small ones, sells better than without diamonds

The Yakut jewellery firm Kierge was set up 25 years ago on the basis of the jewellery workshop PKF Yakutrembyttekhnika which, in its turn, was founded way back in the 1970s. Over this period, Kierge turned into a well-established company successfully...

08 april 2019

Lucapa’s Wetherall on the past, present and the future

Lucapa Diamond chief executive Stephen Wetherall recently attended a mining conference, in Cape Town South Africa, where he met Rough & Polished’s Mathew Nyaungwa and granted him an exclusive interview. They discussed Angola’s first international diamond...

01 april 2019

India’s gem and jewellery industry expects the government will consider its demand for lower import duty on raw materials

A go-getter at heart, with an attitude to match, Pramod Kumar Agrawal, Chairman of the Gem & Jewellery Export Promotion Council (GJEPC) of India is a man in a hurry. He has not left any stone unturned to bring back the Indian gem & jewellery...

25 march 2019

BlueRock raises £711,000 to boost output at SA mine

09 november 2018
BlueRock Diamonds has raised £711,000 from a placing and subscription of a combined 237 million shares to help open up KV1 and KV2, two of the five kimberlite pipes it is currently mining at its Kareevlei project in the Kimberley region of South Africa.

news_01062018_bluerock.png
Image credit: BlueRock Diamonds


The company was expecting to supply about 40,000 tonnes per month of ore to its processing plant starting in the third quarter of 2019.
At an operating level of 40,000 tonnes a month, BlueRock expects its mining operations to be profitable at a grade of 2.5 cpht.
Its average grade from all of its mining operations was 2.6 cpht to date.
BlueRock’s long-term aim was to optimise the resource available and increase the production to around 500,000 tonnes per annum giving Kareevlei a life of mine of approximately 10 years from KV1, KV2 and KV3.
It said the balance of the funds would be used to fund some minor improvements to the company’s operating plant focussed on increasing the reliability and hence utilisation rate of the plant. 

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished