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Gem and Diamond

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Thursday, May 14, 2020 - 12:32:14 PM

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BlueRock Diamonds focuses on cost-cutting

Mining News Pro - UK-based BlueRock Diamonds has restarted operations at its South Africa mine, but is making operational changes to keep production costs low amid COVID-19-related economic uncertainty.

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Operations restarted on May 11 at its opencast Kareevlei mining operation, and the company believes it can run at full capacity there while abiding by the South African government`s lockdown regulations, it said.

However, the board has taken a number of steps to keep production costs as low as possible, including a reduction in development mining to align with lower annual production, a removal of contract crushing and a freeze on hiring.

"Our focus remains on the preservation of cash as we work our way through what is a very difficult and uncertain time," BlueRock chairman Mike Houston said in a statement.

BlueRock Diamonds , diamonds , mining , mining operation

Source: Mining Magazine

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https://www.miningnews.ir/En/News/529056

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