28th Jan 2020 13:09
(Alliance News) - BlueRock Diamonds PLC on Tuesday said production at its Kareevlei diamond mine in the Kimberley region of South Africa was not affected by a demonstration that took place on Sunday.
Shares in BlueRock were down 4.2% at 104.00 pence each on Tuesday afternoon in London.
The diamond exploration company said that following the demonstration at the mine, in which it holds 74% interest, it is in discussions with the local community to resolve any issues.
The Kareevlei diamond mine consists of five known kimberlite pipes, BlueRock said, adding that Kareevlei is in the world's top ten kimberlite sites by carat value with 90% of diamonds found of gem or near-gem quality.
Kimberlite is an igneous rock, which sometimes contains diamonds.
BlueRock noted that it operates in an area of high unemployment and it therefore maintains regular dialogue with all its stakeholders and takes its corporate social responsibilities very seriously.
"Production has not been materially affected and we remain confident of achieving our internal budget, whilst we develop longer-term mine plans to optimise the resource," said Executive Chair Mike Houston.
"We are disappointed that a demonstration was deemed necessary given we maintain regular contact with the local community and government. Our plans, when implemented will result in additional employment, the increased use of local services and have a very positive impact on the community at large," he added.
By Ife Taiwo; [email protected]
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