Diamond News

BlueRock Diamonds Targets Profitability in H2 2019 After Strong H1

BlueRock Diamonds Targets Profitability in H2 2019 After Strong H1

The Diamond Loupe
English
17:50

BlueRock Diamonds Targets Profitability in H2 2019 After Strong H1

London-based BlueRock Diamonds, which operates and owns 74% of the Kareevlei mine based in Kimberley, South Africa, increased its production and revenue during H1 2019 as compared to a year ago, reducing its H1 losses to GBP 381,027 ($458,064) from GBP 1.3 million ($1.6 million) a year ago. BlueRock points to April 2019 as the turning point, when the company installed a new operational management team and changed its mining plan.

Mining and Exploration