Purpose-listed BlueRock, which owns and operates the Kareevlei diamond mine within the Kimberley area of South Africa, processed 134 510 t for the second quarter, a 48% improve year-on-year.

The corporate produced 5 442 ct for the interval, and bought 5 106 ct, a rise of 117% and 112% year-on-year, respectively.

The common worth for the interval was $427.8/ct, a 48% improve year-on-year.

“It’s troublesome to match manufacturing and gross sales numbers versus 2020 the place Covid-19 impacted materially on the operations and the market. Nonetheless, the second-quarter figures are very pleasing with the tonnes processed a report and achieved whereas the operation is transitioning to the brand new plant.

“Moreover, the grade has been constant and the common dimension and high quality of diamonds glorious, as mirrored within the gross sales worth achieved,” BlueRock government chairperson Mike Houston says.

He notes that the corporate continues to develop the primary pit in preparation for the projected larger tonnages within the second half of the yr as soon as it has commissioned the brand new plant.  

“The market has remained agency all through the quarter, with a robust purchaser presence on the native tenders and a strong demand for the Kareevlei product. The general market outlook is optimistic, with a tightness on the tough diamond provide aspect and a rising retail sector as international economies proceed to open up.

“The Covid scenario in South Africa has deteriorated lately, however with established mine protocols in place, it has to not date impacted on the operations or the deliberate completion of the enlargement mission. Administration continues to watch the scenario intently,” Houston provides.


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