Namdeb produces 472,000  carats in Q1
Featured

30 June 2017
Author   CHAMWE KAIRA
Diamond producer, Namdeb Holdings, increased its production by six percent to 472,000 carats in the first quarter of this year, parent company Anglo American said in a recently released report.
Namdeb is a joint venture between the Government and Anglo American-owned De Beers.
Namdeb comprises land and marine-based operations.
Commenting on the diamond producers’ operations in Botswana, South Africa, Canada and Namibia, De Beers Group CEO, Bruce Cleaver, said rough diamond production increased by eight percent to 7,4 million carats, reflecting the contribution of Gahcho Kué in Canada, as well as increases in response to improved trading conditions.
In Botswana, Debswana’s production decreased marginally to 5,2 million carats. At Jwaneng, production decreased eight percent due to expected lower grades, partly offset by Orapa, which increased five percent due to higher grades.
In South Africa, production increased by 19 percent to 1,1 million carats, largely as a result of higher grades at Venetia.
In Canada, production increased significantly to 631,000 carats due to the contribution of Gahcho Kué, which reached commercial production on 2 March 2017.
De Beers said total rough diamond sales volumes in the first half were 14,1 million carats compared to 13,7 million carats in the previous period.
It said full year production projection remains unchanged at 31 to 33 million carats, subject to trading conditions.
 
 
 
 
 
 

WINDHOEK OBSERVER

The Windhoek Observer is an English-language weekly newspaper, published in Namibia by Paragon Investment Holding. It is the country's oldest and largest circulating weekly.

Contact Us

Windhoek Observer House
c/o John Meinert & Rossini Street
Windhoek West
Namibia
Tel: +264 61 411 800
Fax: +264 61 226 098
www.observer.com.na