The company Petra Diamonds has announced its intention to maintain approximately the same level of processing rock since 2017.
The company, however, said that thanks to the start of processing of ore with higher grade diamond will be able to increase production. In addition, the total volume of processing will increase mainly due to the acquisition of Kimberley Mines. Both of these factors lead to a 43-percent increase in diamond production, according to in Petra.
The company has four mines in South Africa and one - in Tanzania. In 2016 fiscal year are 3.7 million carats were produced, with the company with revenue of $ 431 million during this period.
Mining jumped 24% in the first half of the 2017 fiscal year, to 2.01 million carats compared to 1.62 million carats a year earlier.
During the first half of fiscal year 2017 revenue of $ 228.5 million from the sale of 1.9 million carats.
Petra said its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA), is expected to increase by about 38% and more than 50% in 2016 fiscal year to 2019 fiscal year.
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Mining in Canada also increased by 11%, mainly due to an improvement in the diamond content in the mine at the Snap Lake mine.
In Anglo, it was noted that currently the production plan provides for the extraction of 29 million carats of diamonds in 2015.
It was expected, That in 2015 De Beers will be able to extract 29-31 million carats of diamonds.
Earlier it was reported that sightholders of De Beers postponed the purchase of about 50% of diamonds at the company's October website.
According to Rapaport, the approximate value of the diamonds sold on the site was $ 200 million. The
sightholders also reported that De Beers did not reduce prices on the October website. Meanwhile, many clients of the diamond-mining company can hardly make a profit.
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