Bluerock Diamonds PLC announced that in 2015 its losses before taxes increased due to rising costs. However, its revenue rose sharply.
The diamond company said that during the reporting period, it produced over 2,500 carats. The average price per carat in 2015 was $ 261 more than the original estimate of $ 183.
"While our production volumes have changed during the year as a whole we have achieved a sharp rise in the volume of rock processed in November 2015 on our processing plant it has reached more than 9000 tons of ore." - said in a statement.
In 2015, the company reported a loss before the deduction of 1.1 million pounds of tax ($ 1.6 million), compared with a loss of 646,487 pounds for the previous year. Meanwhile, the company's revenue in 2015 rose to 264,372 pounds against 65,084 pounds a year earlier.
Operating expenses in 2015 amounted to 874,624 pounds against 659,302 pounds in 2014.
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In March in Botswana for the second time in more than five years will pass conference "Diamonds continue to shine" (Diamonds Still Sparkling).
ReplyDeleteFor the first time the country has hosted diamond conference in 2010, when the venue has ceased to be South African.
The event, organized by the South African Institute of Mining and Metallurgy (Southern African Institute of Mining and Metallurgy , SAIMM), it had begun in 2003. It was assumed that the event will be held every two years.
According to Mining Weekly, the sixth in a row and held once every three years, the conference Diamonds Still Sparkling 2016 will be held in Gaborone. The event will take place on March 14 seminar, March 15-16 - The two-day conference, and finally, on March 17 - a technical visit.
The Conference will affect a number of aspects of the diamond pipeline - from exploration to sales and marketing. Experts of the mining industry and related fields to hold seminars and presentations on the subject.
Botswana is the largest diamond producer in Africa and the second largest diamond producer in the world by volume after Russia.