https://www.miningweekly.com

De Beers posts 46% higher diamond output

CANADIAN SUCCESS
Production in Canada increased five-fold to 1.1-million carats

CANADIAN SUCCESS Production in Canada increased five-fold to 1.1-million carats

3rd November 2017

By: Mia Breytenbach

Creamer Media Deputy Editor: Features

     

Font size: - +

Diamond major De Beers’ rough diamond production for the third quarter of the year increased by 46% year-on-year to 9.2-million carats, reflecting stable trading conditions as well as the contribution from the ramp-up of the Gahcho Kué joint venture diamond mine, in Canada.

Production in Canada increased fivefold to 1.1-million carats, with Gahcho Kué starting commercial production in March and reaching nameplate capacity in the second quarter. Gahcho Kué is an openpit operation that will mine three kimberlite pipes in sequence.

Meanwhile, De Beers Consolidated Mines (DBCM), in South Africa, increased production by 41% to 1.5-million carats, largely as a result of higher grades at the Venetia diamond mine, in Limpopo.

Debswana, in Botswana, increased production by 33% to 6.1-million carats, as the Orapa mine’s production increased by 60%. The plant was previously on partial care and maintenance in response to trading conditions.

Output from the Jwaneng mine increased by 23%, owing to planned increases in feed to the plant.

Namdeb, in Namibia, increased production by 12% to 454 000 ct, primarily as a result of higher mining rates from Debmarine Namibia’s Mafuta vessel.

De Beers’ full-year production guidance has been revised from 31-million carats to about 33-million carats.

Meanwhile, consolidated rough diamond sales volumes for the third quarter totalled 6.5-million carats, compared with 5.3-million carats in the third quarter of 2016.

The increase was driven by a normalisation of demand for lower-value goods this year.

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 
Environmental Assurance (Pty) Ltd.
Environmental Assurance (Pty) Ltd.

ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:4.616 4.659s - 90pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: