Anglo American, which owns 85 percent of DeBeers, published an update of its production performance in the third quarter of 2016 on 26 October 2016.
DeBeers’ diamond production for the third quarter of 2016 increased by four percent to 6.3 million carats compared with the third quarter of 2015 when production was reduced in response to prevailing trading conditions. Full year production guidance remains unchanged at 26-28 million carats, subject to trading conditions.
In Botswana, production increased by 12 percent to 4.5 million carats; production in South Africa increased by six percent to 1.1 million carats; production in Namibia decreased by 13 percent to 405,000 carats; in Canada, production decreased by 48 percent to 225,000 carats.
The group’s consolidated rough diamond sales increased 77 percent to 5.3 million carats. This increase reflected improved trading conditions from those experienced in the third quarter of 2015, when higher pipeline stock impacted midstream demand.
← Back