REG - BlueRock DiamondsPLC - Director Changes

Bluerock DiamondsAnnouncement

05/01/2022 07:00

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RNS Number : 4279X  BlueRock Diamonds PLC  05 January 2022

BlueRock Diamonds PLC / AIM: BRD / Sector: Natural Resources

5 January 2022

BlueRock Diamonds PLC ('BlueRock' or the 'Company')

Director Changes

 

BlueRock Diamonds PLC, the AIM listed diamond producer, announces that Gus
Simbanegavi is stepping down from his board position as Chief Operating
Officer of the Company and CEO of the Company's subsidiary, Kareevlei Mining,
to pursue other business interests effective 1 March 2022.  Meiring Burger,
who has worked alongside Mr. Simbanegavi since May 2021, will assume the role
of CEO of Kareevlei Mining, overseeing the recently commissioned one million
tonne per annum ('Mtpa') plant at the Company's Kareevlei Diamond Mine
('Kareevlei') in the Kimberley region of South Africa.

 

Mr. Burger is an internationally experienced mining industry professional with
more than 25 years' technical and managerial experience combined with
applicable commercial acumen and a track record of delivering value safely and
responsibly. He has led major, ultra-class open pit operations up to 150Mtpa
with labour forces of in excess of 6,000 people in the Southern African
region, and has solid experience in all aspects of exploration, mining
operations, mine valuation and environmental management.

 

Mr Burger has held senior positions at various companies including mining
contractor, African Mining Solutions and First Quantum Minerals Ltd, where
amongst other roles, he focused on turning around the open pit Sentinel Copper
Mine in Zambia.

 

Mike Houston Chairman said, "We are delighted to welcome Meiring to the team
as CEO of Kareevlei, whose experience in mine and plant management will
enhance the management of Kareevlei.  He has the advantage of having a good
understanding of Kareevlei and brings strong leadership qualities at a crucial
time as the team faces the ongoing and uncertain challenges of Covid alongside
the move to ramp up production at the new processing facility during the wet
season.

 

"I am pleased to report that the mine reopened on 3 January 2022 as expected
with almost all of our staff returning to work.

 

"I would like to thank Gus for his work and commitment to BlueRock over what
has been a very challenging period yet has still seen the Company continue to
drive its growth strategy; on behalf of his fellow directors and employees, I
wish him every success in his future endeavours."

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK domestic law by virtue of the
European Union (Withdrawal) Act 2018 ('MAR'). Upon the publication of this
announcement via Regulatory Information Service ('RIS'), this inside
information is now considered to be in the public domain.

 

**ENDS**

 

For further information, please visit BRD's
website www.bluerockdiamonds.co.uk (http://www.bluerockdiamonds.co.uk/)  or
contact:

 

 BlueRock Diamonds PLC

 Mike Houston                           mhouston@bluerockdiamonds.co.uk

 David Facey, FD                        d.facey@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 / Oonagh Reidy         bluerock@stbridespartners.co.uk

 

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 with a combined inferred
resource of 10.4 million tonnes / 516,200 carats (February 2021); based on its
planned production of 1 million tonnes per annum, this provides a minimum
10-year life of mine.

 

 

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