De Beers hits 9.2 million carats of rough diamonds in Q3

Publié le mardi 24 octobre 2017, par Rutilance.com

De Beers Group produced 9.2 million carats of rough diamonds during third quarter this year, in its global portfolio including robust producing projects in Africa.

During the same quarter, consolidated rough diamond sales volumes were 6.5 million carats from two sights, compared with 5.3 million carats from two Sights in third quarter 2016. During this time the “ sale increase was driven by a normalisation of demand for lower value goods in 2017”, the world’s leading diamond company explained.

De Beers Group saluted this production increase compared to 8,742 million carats of rough diamonds produced the previous quarter and said the achievement is in line with the higher production forecast for the year 2017. Its full year production guidance has been revised to 33 million carats, against 31 to 33 million carats previously targeted.

The group claims 33 % of diamond production that hits 6.1 million carats in Botswana, while its production increased 12 % to 454,000 carats primarily as a result of higher mining rates from Debmarine Namibia’s Mafuta vessel in Namibia and 41% to 1.5 million carats in South Africa largely as a result of higher grades at Venetia project.

In the Canadian asset, Gahcho Kué mine, De Beers Group reported five-fold increase of production to 1.1 million carats due to the ramp-up of activities in the mine and the nameplate capacity attainment in the second quarter 2017.

De Beers Group is the world’s largest diamond producer by value, with mining operations in Botswana, Canada, Namibia and South Africa. Established in 1888, it is a member of the Anglo American plc group. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline.