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 du...

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