The company Petra Diamonds said its diamond production jumped by 24% to 2.02 million carats in the first half of the 2017 fiscal year compared to 1.63 million carats a year earlier due to increased content of stones in the rock, and against the background of the additional production of rough diamonds after acquisition of assets Kimberley Mines in South Africa, along with his partner Ekapa Mining.
In the reporting period, production Ekapa Mining Kimberley (Kimberley) amounted to 432,174 carats compared to 84,358 carats in the same period of the previous year.
Extraction diamond Cullinan (Cullinan) also increased by 30% to 419 754 carats, compared to 322,366 carats a year earlier.
However, production at Finsch Mine (Finsch) fell by 6% to 1.03 million carats during the reporting period, with 1.09 million carats a year earlier. This was due to the planned reduction of production volumes of tailings.
Petra said that it still intends to ensure that the total volume of diamond production at 4.4 million - 4.6 million carats a year.
"Due to increased processing of ore with a large content of diamonds in the first half of 2017 we were able to show strong operating results reported a significant increase in production and income", - said Johan Dippenaar (Johan Dippenaar), Chief Executive Officer of Petra Diamonds.
"We continue to advance our expansion program and, from this moment, to observe a significant reduction in capital costs of capital projects that were started in 2009, were unsuccessful." - he continues.
At the same time, the Group's revenue jumped 48% to $ 228.5 million in the period under review, against $ 154 million a year earlier, due to the increase in sales volumes.
Diamond sales increased by 47% during the reporting period to 1.91 million carats, while during the first half of the 2016 fiscal year, they accounted for only 1.3 million carats.
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The tax on diamond mining in Yakutia will grow by 13% in 2016. Revenues in the budget of the republic amount to 20.9 billion rubles, or 92% of revenues from taxes on mining (MET) in a region equal to 22.8 billion rubles. This Tass reported the Ministry of Finance of the Republic.
"The total supply of the mineral extraction tax for 2016 is forecasted in the amount of 22.8 billion rubles, including Diamond - 20.9 billion rubles (92%)", - the ministry noted.
In 2014, MET was 13.7 billion rubles, this year is expected to 19.9 billion rubles.
According to Alrosa, "is currently showing signs of recovery in demand for rough diamonds, and can be expected to stabilize the market in 2016".
Revenue diamond mining company in the first nine months of 2015 increased by 17% over the same period last year and amounted to 172.5 billion rubles. On results of 2014 the company's revenue amounted to 207.2 billion rubles.
According to the Ministry of Economy of the Republic, in 2015 the volume of diamond production of $ 3.9 billion in the country with an increase of 9.2% compared to 2014. In 2016, the forecast volumes of diamond mining in Yakutia is $ 4.1 billion.
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