viewBluerock Diamonds Plc

BlueRock Diamonds 'conserving cash' and looking forward to restarting operations strongly

BlueRock Diamonds PLC's (LON:BRD) Gus Simbanegavi tells Proactive London's Andrew Scott operations at its Kareevlei diamond mine in South Africa have been suspended on the order of the South African government and will remain on care and maintenance until the market recovers sufficiently for them to become cash-flow positive on a monthly basis.

He says that prior to the shutdown, the business was performing well, with the results for the first quarter significantly better than the previous year.

''We're ready to go'', he says. ''All we can do is watch, wait and see how long this challenge will last''.

Quick facts: Bluerock Diamonds Plc

Price: 48.5 GBX

Market: AIM
Market Cap: £2.55 m

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BlueRock Diamonds: 'Creative deal-making' sees it back in production and...

Mining Capital's Alastair Ford caught up with Proactive London's Andrew Scott after speaking to the team at BlueRock Diamonds (LON:BRD). He says they've restarted production at the Kareevlei operation in South Africa and has also negotiated a finance facility that will support sales of...

1 week, 4 days ago

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