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Kazera Global Plc updates on Deep Blue Minerals diamond mining

1 min read | October 08, 2020 12:33 PM BST | By Team Kalkine Media
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Kazera Global Plc (LON:KZG) has come up with an update on its diamond mining operations Deep Blue Minerals, which tends to be its subsidiary, and where diamond production has started.

  • The management had marked some areas as likely to be high in diamond content, hence the initial mining operations have been concentrated on these areas.
  • The company has informed that since the start of the mining operations around 33k tons of overload at Cliffs East Mining site have been excluded from the inland diamond banks.
  • As per the preliminary assessments, the diamond content will easily surpass the average anticipated grade of 6 carats diamond per 100 cubic metres.
  • KZG shares at GMT 10:20 AM on 8 October 2020, were trading at GBX 0.68, higher by 0.03 points or 3.85% against the previous day’s closing price.

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