Wednesday, December 6th 2023

BlueRock Diamonds PLC

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The future looks crystal clear in 2021 for BlueRock Diamonds


“…The three investor updates in December represent a game changer for BlueRock Diamonds…”


There’s been a flurry of end-of-year investor updates from BlueRock Diamonds.   It owns and operates the Kareevlei Diamond Mine in the Kimberley region, South Africa’s diamond capital and birthplace of De Beers.

Three consecutive investor updates provided festive cheer with news about the discovery of another two gem quality exceptional stones, plus an increased provisional resource estimate has been thrown into the festive mix for the company that is pursuing production, carats produced and grade.

While Kimberley has been home to diamond mines since the 19th century, the ground is far from exhausted and BlueRock’s Executive Chairman Mike Houston sees the return to mining higher value diamonds.

He is impressed not only with the desirability of what is being found on the sorting tray, but the  boldness of the board for sticking to its strategy of getting the economies of scale right concurrent with an expansion in operations from 400,000 to one million tonnes per year.

Listen to Mike tell Sarah Lowther about how BlueRock is at a game changing inflexion point, how the business has been derisked and how it intends to progress mine to market initiatives and deliver on Kareevlei’s value.


Click here to read about the recovery of two gem quality exceptional stones 

Chief Executive Gus Simbanegavi talks to Proactive London’s Katie Pilbeam about Blue Rock’s grades which had recovered to above 2019 levels.


The author was remunerated but does not hold shares in the company