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Diamond mining company BlueRock Diamonds said it had signed a contract with Teichmann for mining services to boost production.
Teichmann's extensive experience in mining operations was expected to 'significantly de-risk the Company's mining activities and allow BlueRock to meet its production targets in a cost-effective manner,' Bluerock said.
The Teichmann contract was signed for a period of five years commencing with an effective start date of 1 July 2019.
Teichman would provide a range of services, including the extraction ore, waste and haul to stockpile; break down ore to the required size (where required) and deliver ore to the processing plant.
'The upgrading of our mining operation is key to the overall success of the business and having an experienced mining contractor is an essential part of this process,' the company said.
At 8:56am: (LON:BRD) Bluerock Diamonds Plc Ord 1p share price was +5p at 61p