State diamond company in Botswana Okavango Diamond Company (ODC) reported that in the first half of 2016 its diamond sales rose 23% to $ 284 million, and production volumes jumped 35%, to 1.75 million carats.
This year the Okavango could spend five tenders.
According to Reuters, the growth of the company's diamond production was caused by the high levels of the first quarter of this year, when its diamond stocks strongly decreased.
"In the first quarter of 2016 ODC managed to achieve a strong recovery in prices for its diamonds, since stocks of rough diamonds in the industry were low and polishers sought to replenish stocks for their businesses after higher sales in the holiday season in the United States," - said the managing director of ODC Toby Fiers, as quoted by Reuters.
"Since diamond prices again fell slightly, as demand in the market has decreased the prices are lower now than they were in early 2015.", - he added.
Okavango, as expected, had to sell 15% of the diamonds mined company of Debswana, a joint venture between De Beers and the Botswana government.
http://traditionpearlnecklace.blogspot.ca/
1 comment:
Pangolin Diamonds reported that an additional 78 rock samples taken from the MTS grid on a fully-owned company project Malatsvae (Malatswae) in Botswana, contain minerals-indicators kimberlites.
In November, the company announced the content of the sample pyrope garnets with evidence of close bedding diamonds.
It said in a statement that the content of pyrope garnets were confirmed in 62 of the 78 grid areas, and their size is 0.4-1.0 mm at the maximum side.
Pyrope grenades with surface features suggestive of diamond is shallow, were present in 55 of these 62 samples, moreover, in 12 of them the content of such indicators exceed 4 units.
"The latest results continue to complement the previous data collected on MTS grid, which suggest the assumption that within this area there are undiscovered kimberlites - said CEO Leon Daniels (Leon Daniels) -. These data will be used to more accurately determine the purposes of further drilling, together with the results of geophysical research, which will begin in the coming weeks. "
Indicator minerals were delivered to MCC Geoscience for interpreting the results of study of their surface characteristics, as well as CF Mineral Research for analyzing microsamples. The research results will be announced in the coming weeks.
Post a Comment