- Write by:
-
Wednesday, September 2, 2020 - 2:31:33 PM
-
576 Visit
-
Print
Mining News Pro - Diamond miner BlueRock Diamonds has sold 3 805 ct of diamonds at an average price of $330/ct for an aggregate consideration of $1.2-million.
BlueRock’s flagship project is the Kareevlei diamond mine, in South Africa.
CEO Mike Houston says the miner’s diamonds “remain attractive to buyers in what continues to be an uncertain market”.
BlueRock also continues to finalise the necessary export requirements which the company says have “proven to be a lengthy process in the current Covid-19 environment”. As soon as this is completed, the producer will start exporting, giving it the flexibility of bridge financing its inventory, if required.
Until then, BlueRock has the option of selling its diamonds locally at a price that allows it to operate profitably.
Prior to the pandemic, the producer`s policy had been to announce the value of individual diamonds with a value of above $50 000 on sale. However, the two recent sales have been sold as a total package and the value of individual diamonds has not been separately identified; this is a position that might continue, BlueRock says.
Accordingly, the producer is modifying its announcement policy such that, for the foreseeable future, it will announce all individual diamonds valued at above $50 000 when formally valued.
Short Link:
https://www.miningnews.ir/En/News/593410
Mining News Pro - Impala Platinum Holdings Ltd. said an underground protest at one of its mines in South Africa is ...
Mining News Pro - Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its ...
South Africa’s High Court was told that Anglo American Plc turned a “blind eye” to lead poisoning in the Zambian town of ...
Mining News Pro -South African miner Gold Fields trusts that Yamana Gold’s shareholders will back its planned $6.7 ...
Mining News Pro - The largest white diamond ever auctioned will go under the hammer in Geneva this week, part of a sale ...
Mining News Pro - Palladium’s wild ride following Russia’s invasion of Ukraine is likely not over yet. But this year’s ...
Mining News Pro - Sibanye Stillwater Ltd. halted work at its three gold mines in South Africa from Wednesday evening ...
Mining News Pro - Northam Platinum Holdings Ltd. plans to spend about 17 billion rand ($1.13 billion) to become the top ...
Mining News Pro - South African monopoly port operator Transnet said on Monday it had restored many of its operations ...
No comments have been posted yet ...