Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
Bluerock Diamonds was up 7.87% to GBX1.27 (CAN0.02) a share after announcing production had resumed at its South African diamond mine, Kareevlei.
The company announced that it had found a long-term fix for its cone crusher which had been affecting throughput.
The company says that changes made to the crushing circuit will positively impact the plant’s performance, improving throughput rates and will provide an update in its July quarterly statement.
Year-to-date the company’s stock has slid 60 percent.
Creative Commons image courtesy of Mechanical Curator’s Cuttings
