Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased by 18% to $ 239 million, while net profit fell 41% to $ 47 million, the company said in a press statement.
Report a decrease in sales of diamonds Rio Tinto came as a surprise, since the messages of other miners say an increase in sales. De Beers's revenue jumped by about 36% in 2016, while sales of ALROSA increased by 26%.
"In general, demand for rough diamonds in 2016 recovered from the cyclical downturn in the previous year, but varied considerably by product segments", - reported in Rio.
Diamond mining companies increased by 4% to 18 million carats last year. In 2017, the forecast for the production of rough diamonds Rio Tinto is 19 - 24 million carats.
Rio Tinto owns a diamond mine Argyle (Argyle) in Australia, which is known for it is produced from fancy pink diamonds and a large amount of stones of lower quality. In addition, the company has a 60 percent stake in the Diavik mine (Diavik) in Canada, in partnership with the Dominion Diamond Corporation.
http://www.feedage.com/feeds/23910359/royal-pearl-jewelry-celebrities-pearl-jewelry-fashion
1 comment:
The security services of international airports throughout India were fully prepared to intensify checks for gold smuggling, which could grow due to the upcoming season of festivals in the country. Representatives of customs were asked to strengthen control measures, including detailed scanning of suspicious passengers and commercial cargo for gold smuggling.
In India, there are 19 international airports located in Amritsar, Jaipur, Delhi, Ahmedabad, Mumbai, Calcutta, Hyderabad, Bangalore, Chennai, Trivandrum, Goa and Port Blair. The cases of gold smuggling increased throughout the country, especially at the Indira Gandhi International Airport. Customs officers seized gold for more than $ 11.7 million and arrested about 100 people in the current financial year.
In 2014-2015 on the charge of gold smuggling 230 people were arrested on 388 cases of smuggling. In these cases, a total of 596 kg of gold was seized for a total of about $ 24 million. Meanwhile, in 2013-2014, there were 363 cases of gold smuggling totaling $ 14.16 million, or 353 kg, 123 people were arrested.
In April and August of this year, customs officers arrested 100 people and registered 169 cases of gold smuggling with a weight of 293 kg and cost $ 11.7 million.
According to the Indian authorities, the upcoming Diwali Festival and the wedding season (in November 2015 and February 2016 respectively) will lead To the growth of demand for gold in the country, as well as to an increase in the smuggling of this metal. Customs officers check passengers of flights from the countries of the Middle East and South Asia for smuggling.
Sales of gold, as a rule, greatly increase in India during the festival of Diwali, as the purchase of gold during this period is considered a favorable sign.
Post a Comment