BlueRock to explore new kimberlite pipe
JOHANNESBURG (miningweekly.com) – Diamond miner BlueRock Diamonds has entered into an agreement with Koedonza Olives to mine the 1.5 ha Jubilee kimberlite pipe, in the Windsorton area, 40 km north of Kimberley.
To evaluate the commercial viability of Jubilee, the Aim-listed company will receive a bulk sample of up to 2 500 t within six months of the granting of a mining permit, which Koedonza is applying for and which is expected within the next few weeks.
The kimberlite ore will be hauled to the processing plant at BlueRock’s Kareevlei mine for processing, to ascertain the likely grade and quality of any diamonds coming from Jubilee.
Should the results of the bulk sample be positive, BlueRock has an option to extend the terms of the agreement for the duration of the mining permit which could be up to five years and any extension thereof.
BlueRock will be responsible for all costs relating to the bulk sampling and any future mining, with revenue from diamond sales shared between BlueRock and Koedonza on a 90:10 basis.
Further, BlueRock could retain 100% of diamond sales revenue during the bulk sampling phase until the point at which bulk sampling and processing costs have been recovered.
In 2015, some limited mining took place by alluvial miners at Jubilee, during which a 24 ct stone was recovered. This mining was carried out on a small surface area of the pipe and to a depth of less than 5 m.
Meanwhile, BlueRock reports that it sold a 206 ct parcel at tender in Johannesburg, achieving $438/ct, with the highest value of $3 750/ct for a 9.5 ct diamond.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
