Friday, July 14, 2017

As noted in the mining group Anglo American companies mining diamonds belonging to it to De Beers fell in the second quarter of this year by 19% to 6.4 million carats. This decrease was a result of the decision to reduce production in response to the current market conditions in the second half of 2015.
Diamond production in the first half 2016 goda fell by 15% to 13.3 million carats compared with 15.6 million carats a year earlier.
The Anglo's, which owns 85 percent share of De Beers shares, reported that mining company Debswana in Botswana has fallen by 12% in the reporting period, to 5.2 million carats. At the Orapa diamond production (Orapa) fell by 27%, and Damtsha (Damtshaa) mine was placed on care and maintenance since January 1, 2016.
Mining Namdeb Holdings in Namibia, fell 31%, to 300 000 carats due to lower performance Debmarine Namibia. Mafuta ship is undergoing planned maintenance, and the content of the diamond in the rock fell on the ground operations Namdeb.
According to Anglo's, diamond mining in Canada has fallen by 71%, to 100 000 carats from the fact that the company closed the Snap Lake mine (Snap Lake) in December 2015.
The mining company also noted that within the framework of the three sites in the second quarter, De Beers managed to sell 9.6 million carats compared with 4.9 million carats in the two sites, carried out in the same period last year.
"In addition to the secondary site in 2016 this increase was due to the large volumes of purchases of rough diamonds cutters compared to 2015", - the company says.
In the first half of 2016 the volume of diamond sales amounted to 17.2 million carats, compared with 13.3 million carats in the first half of 2015.
"The decisive actions taken by De Beers in the past year have led to the normalization of the terms of trade in the first half of 2016 and sales volumes increased, however, we remain cautious forecasts about the prospects of the market." - said the CEO of Anglo American Mark Kyutifani (Mark Cutifani).
However, in the first half of 2016 De Beers was on average 16% lower diamond prices index than in the same period last year, according to a company statement. Average prices were 14% lower than a carat diamond than in the first half of 2015, and amounted to $ 177 per carat.
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1 comment:

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