BlueRock Diamonds PLC Operations Update (5788N)
23 January 2023 - 11:43PM
UK Regulatory
TIDMBRD
RNS Number : 5788N
BlueRock Diamonds PLC
23 January 2023
BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
23 January 2023
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
Operations Update
BlueRock Diamonds Plc (BRD), the AIM listed diamond producer,
which owns and operates the Kareevlei Diamond Mine ('Kareevlei') in
the Kimberley region of South Africa, announces an update on
operational activity.
Operations update
Kareevlei Mine - suspension of operations
Operations at the Kareevlei Mine ('KVL' or 'the mine') were
suspended by the South African Department of Mineral Resources and
Energy ('DMRE') on Friday 20(th) January 2023 after an unscheduled
visit to KVL by Officials of the Department.
The Officials issued an instruction in terms of Section 54 and
Section 55 of the Mines Health and Safety Act ('the Act') that
activities at the mine be suspended until contraventions identified
by them are rectified. KVL is challenging the procedures followed
by the Officials as well as the instruction to suspend operations
which the Company believes are not consistent with the protocols or
requirements of the Act.
It is emphasised that the contraventions which were identified
do not place employees or other workers on the site at risk, and
Management is of the opinion that the instruction to suspend
operations is not appropriate given the nature of the findings.
KVL is addressing the matters raised by the DMRE, most of which
are for the processing plant, and corrective action will be
completed by Tuesday 24(th) January 2023, with the site expected to
be operational by Friday 27(th) January 2023.
There is sufficient ore on the stockpile and ROM Pad to ensure
that there is no disruption to operations when the plant is
restarted.
The board is considering the impact of the closure and will
update the market in due course.
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ('MAR'). Upon the publication of this announcement via
Regulatory Information Service ('RIS'), this inside information is
now considered to be in the public domain.
**ENDS**
For further information, please visit BlueRock's website
www.bluerockdiamonds.co.uk or contact:
BlueRock Diamonds
Victor Dingle, CEO v.dingle@bluerock.co.uk
SP Angel (NOMAD and Broker)
Stuart Gledhill / Harry Davies-Ball Tel: +44 (0)20 3470 0470
----------------------------------
St Brides Partners Ltd (Financial
PR) bluerock@stbridespartners.co.uk
Isabel de Salis / Charlotte Page
----------------------------------
Notes to editors:
BlueRock Diamonds is an AIM-listed diamond producer which
operates the Kareevlei Diamond Mine near Kimberley in South Africa
which produces diamonds of exceptional quality and ranks in the top
ten in the world in terms of average value per carat. The Kareevlei
licence area covers 3,000 hectares and hosts five known
diamondiferous kimberlite pipes with a combined inferred resource
of 10.4 million tonnes / 516,200 carats (February 2021); based on
its planned production of 1 million tonnes per annum, this provides
a minimum 10-year life of mine
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END
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