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De Beers Sales Volume Jumps After Market Recovery
Oct 25, 2016 5:19 AM
By Rapaport News
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RAPAPORT... De Beers total rough diamond sales grew 77 percent by volume
in the third quarter, reflecting improved trading conditions compared with a
slump in demand a year ago.
The miner said it sold 5.3 million carats in the three
months that ended September 30, versus 3 million carats in the same period a
year ago when higher stock levels lowered demand from manufacturers and traders.
Production increased 4 percent to 6.3 million carats – the
improvement comes after the miner had cut output last year in response to
weaker trading conditions.
The largest production increase was in De Beers Botswanan
joint venture, Debswana, where output jumped 12 percent to 4.5 million carats.
Production at the Jwaneng mine leapt 47 percent to 2.8 million because of
planned maintenance a year ago.
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Tags:
Botswana, De Beers, Debswana, Jwaneng, mining, Rapaport News, Rough diamond sales, Rough Production, rough sales
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