BlueRock Diamonds invests to increase production

Stellar Diamonds
Stellar Diamonds rallied on Monday morning.

Things have not gone to plan this year for BlueRock Diamonds (LON: BRD) but it has used the mining shutdown to enhance the original strategy. Overheads will be spread over a much larger operation, enabling BlueRock to become cash generative.

South African diamond miner BlueRock acquired a second, recently refurbished processing plant for £620,000 earlier this year. That would have more than doubled processed material to 750,000 tonnes.

The South African authorities forced mines to close during the second quarter and management reassessed the position. During that period, it was decided t...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.