REG - BlueRock DiamondsPLC - COVID-19 Update

Bluerock DiamondsAnnouncement

24/03/2020 08:05

RNS Number : 3436H
  
BlueRock Diamonds PLC
  
24 March 2020
  
 

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources
24 March 2020
BlueRock Diamonds PLC ('BlueRock' or the 'Company')
 
COVID-19 Update
 
BlueRock Diamonds plc, the AIM listed diamond mining company, which owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa ("Kareevlei"), notes the announcement by the South African Government that the National Coronavirus Command Council has decided to enforce a nation-wide lockdown for 21 days with effect from midnight on Thursday 26 March 2020. This will include closure of the Company's Kareevlei mine during this period.
 
The Company also reports that due to an absence of international bidders, the Company removed its products from the March 2020 diamond tender.
 
The situation in respect of Covid-19 is an evolving one and the Board will review the impact on business and provide further updates in due course including in respect of its forward guidance.
 
Market Abuse Regulation (MAR) Disclosure - Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.
 
**ENDS**
 
For further information, please visit www.bluerockdiamonds.co.uk or contact:
 



BlueRock Diamonds PLC
Mike Houston 
David Facey, FD


 
mhouston@bluerockdiamonds.co.uk
dfacey@bluerockdiamonds.co.uk




SP Angel (NOMAD and Broker)
Stuart Gledhill / Caroline Rowe


 
Tel: +44 (0)20 3470 0470




St Brides Partners Ltd (Financial PR)
Isabel de Salis / Cosima Akerman / Susie Geliher


 
Tel: +44 (0)20 7236 1177



 
Notes to editors:
BlueRock Diamonds is an AIM-listed diamond producer which operates the Kareevlei Diamond Mine near Kimberley in South Africa which produces diamonds of exceptional quality and ranks in the top ten in the world in terms of average value per carat. The Kareevlei licence area covers 3,000 hectares and hosts five known diamondiferous kimberlite pipes. As at November 2018, it was estimated that the remaining Inferred Mineral Resource from the four kimberlite pipes (KV1, KV2, KV3 and KV5) represents a potential inground number of carats of 367,000.
 


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