De Beers mining diamonds in the fourth quarter of 2016 jumped 10% to 7.8 million carats compared to 7.1 million carats in the same period a year earlier, when production was reduced in response to terms of trade, said in Anglo American, which owns diamond mining company.
Compared with the third quarter diamond mining groups also increased by 24% from 6.273 million carats. This was due to increase in production on the project Orapa (Orapa) in Botswana, as well as increasing diamond content on Venice Mine (Venetia) in South Africa and an increase in production at the mine Gacho Quay (Gahcho Kué) in Canada.
Debswana Diamond Company production jumped by 15% to 5.4 million carats during the period under review compared to 4.7 million carats, obtained in the same period last year.
In Namibia, as noted in Anglo's, the production of precious stones Namdeb Holdings also rose by 6% to 428 000 carats due to increased processing of the material from ships Debmarine Namibia.
However, in South Africa, De Beers Consolidated Mines (DBCM) demonstrated a slowing of production, albeit slightly, from 1.46 million carats to 1.4 million carats. Basically, this decrease was due to the sale Kimberley Mines in January 2016, and was partially offset by increased diamond content of 18% on the project in Venice.
De Beers mining in Canada increased by 13% to 500 000 carats in the background of increasing production at Gacho Quay. It said on Anglo's, was partially offset location on the care and maintenance of the mine Snap Lake (Snap Lake) in December 2015.
"We continue to improve production on the project Gacho Quay, and commercial production volumes are expected to be reached in the first quarter of 2017", - noted in the Anglo American.
At the same time, the total De Beers diamond sales grew more than twice during the reporting period, to 8.0 million carats compared to 3.6 million carats a year earlier.
Total volume of diamond sales for 2016 jumped 55% to 32.0 million carats from 20.6 million carats in 2015.
"The increase in sales reflects an improvement in trading conditions compared with those observed in the second half 2015", - stated in Anglo.
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The De Beers noted that next year the company will produce 26-28 million carats of diamonds against a target production level in the current year at the level of 29 million carats.
In October, the company lowered the target level of diamond production in 2015 to 29 million carats.
In July, the target level has been revised downward to 29-31 million carats against the previous estimate 31-32 million carats.
In addition, in its initial assessment of the level of production in 2015. The company has said about the target of 34 million carats.
It is reported that such frequent changes in the company's target production levels were the result of the weakening of the diamond market amid decreasing liquidity, strengthening the dollar and the slowdown in the Chinese economy.
Filipp Mele (Philippe Mellier), CEO of De Beers, said Debswana diamond mining company in the next year will be reduced to approximately 20 million carats. In addition, the Orapa (Orapa) mine production will be reduced and at Jwaneng (Jwaneng) - increased.
The first processing plant at the mine and Orapa Damtsha (Damtshaa) will be preserved, it said in a statement.
Mellier also noted that the processing plant at the mine dumps rock Venice (Venetia) in South Africa was closed and open cast mining at the mine will be reduced in 2016.
In Namibia, where he works belonging to the group by 50% company Namdeb, the largest ship in marine diamond mining will be less likely to go to sea, while the volume of production of other courts may decline.
Mine Snap Lake (Snap Lake) will be closed down at the end of 2015.
Mellier also noted that the average of the value of diamonds may fall to $ 111 per carat in 2014 to $ 101 dollars in 2016, despite the decline in production.
The De Beers statement said that the company will reduce capital expenditures by approximately $ 200 million to $ 500 million in 2017.
In 2015, capital expenditures amounted to $ 700 million, but they are expected to fall to $ 650 million in 2016.
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