GJ Town India

Consolidated average realised price increased by 4% ytd   Operational Performance: Rough diamond production decreased by 25% to 5.6 million carats, reflecting a production response to the prolonged period of lower demand, higher than normal levels of inventory in the midstream and a continued focus on managing working capital.   In Botswana, production decreased by 32% to 4.0 million carats, as actions to lower production at Jwaneng were delivered. Production in Namibia decreased by 14% to 0.5 million carats, reflecting intentional action to lower production at Debmarine Namibia, partially offset by planned higher grade mining and better recoveries at Namdeb.   In South Africa, production increased by 41% to 0.5 million carats, as Venetia underground ramps up.  Production in Canada decreased by 11% to 0.6 million carats due to the planned treatment of lower grade ore. Trading Performance: Trading conditions during the quarter continued to be challenging in light of h...

Production guidance 2024 unchanged at 26-29 mn cts   Recently, Anglo American plc presented production report for the second quarter (2Q) ended 30 June 2024. At the point, Duncan Wanblad, Chief Executive of Anglo American, said: "De Beers' diamond production reflects the lower revised guidance announced in our first quarter production report. Trading conditions became more challenging in the second quarter as Chinese consumer demand remained subdued.   With higher than normal levels of inventory remaining in the midstream and an expectation for a protracted recovery, we are therefore actively assessing options with our partners to further reduce production to manage our working capital and preserve cash.”   Rough diamond production decreased by 15% to 6.4 million carats, primarily reflecting the lower production guidance announced in the first quarter production report in response to the higher than normal levels of inventory in the midstream, and the expectat...

  Eye to produce 12 million carats in 2023   The National Diamond Company of Angola (Endiama EP) plans to increase its production to 12 million carats in 2023, surpassing last year's result, which recorded a figure of around nine million carats.   According to the Chairman of the Board of Directors of Endiama, Ganga Júnior, achieving this goal will essentially depend on improving the production structure of the mines in operation and launching new exploration projects.    Speaking to the press, on the sidelines of the working visit that the heads of the Institute for the Management of Assets and State Participations (IGAPE) carried out to the state-owned diamond company, the manager also pointed out the continuous transformation of the functioning of small cooperatives in industrial activities as another challenge for 2023.   In this regard, he added, the company has already registered success stories, whose semi-industrial activities in the field o...

2,054.88 carats of rough diamonds Tendered and sold in early February!   Diamcor Mining provided an update on the resumption of operations following the required suspension lasting for the majority of 2020 due to the unprecedented events associated with Covid-19.  The Company is making considerable progress increasing processing volumes, diamond recoveries, and revenues since resuming operations.  From December 2020 through January 20, 2021 the Company had delivered 4,174.36 carats of rough diamonds for tender and sale. In a summary key highlights are, 1: Tailings processed during the processing plant initial restart optimization yielded 666.75 carats of rough diamonds generating gross revenues of USD $79,000 equivalent to USD $118.49 per carat.   2: The subsequent processing of quarry material has now resumed, and 1,452.73 carats of rough diamonds from initial exercises were tendered and sold generating gross revenues of USD $266,705, resulting in an average pri...

DeBeers Production guidance r evised to 32-34 million for 2021   Anglo American plc, presented production report for the fourth quarter ended 31 December 2020. Mark Cutifani, Chief Executive of Anglo American, said: "The strong performance recovery in the second half continued through the fourth quarter, following the Covid-19 disruptions earlier in the year.    As expected, second half production returned to 95% of 2019 rates, benefiting from strong performances in copper at Los Bronces in Chile and in iron ore at Minas-Rio in Brazil.  The recovery was all the more credible given planned maintenance at both the Collahuasi copper and Kumba iron ore operations and the suspension of operations at the Grosvenor metallurgical coal mine. "As we begin 2021, we are continuing to see positive demand for rough diamonds, supported by consumer demand for diamond jewellery in the holiday selling season.  While it is still too early to signal a strong and sustained recov...

Rough production tumbled by 4%! Full Year Production guidance unchanged   In a Production Report for the Third Quarter of 2020, DeBeers Group said, rough diamond production decreased by 4% to 7.2 million carats driven by planned reductions in production to reflect the lower demand for rough diamonds due to the Covid-19 pandemic, Covid-19 related measures remain in place to safeguard the workforce while maintaining operational continuity.   In Botswana, production decreased by 15% to 4.8 million carats due to the planned treatment of lower grade material at both Jwaneng and Orapa, with production targeted at levels to meet lower demand.  Namibia production decreased by 43% to 0.2 million carats as the marine fleet suspended production for part of Q3 to reflect lower demand and one vessel was in dock for planned maintenance during the period. South African production increased to 1.2 million carats due to an expected change in ore mix, with more ore sourced from the h...

  Produced about 1.3 mn cts so far!   Recently Gibb River Diamonds Limited-GIB, presented its’ the Annual Report for the year ended 30 June 2020. Gibb River Diamonds said in its Annual Report about Ellendale Diamond Project that, GIB operates its 100% owned Ellendale Diamond Project in the West Kimberley, WA. This project includes the advanced Blina Prospect which represents an exciting opportunity to produce high value Fancy Yellow diamonds.   The Ellendale Project has been one of the world’s foremost diamond producers with past production of approximately 1.3 million carats. This included the annual supply of over 50% of the world’s Fancy Yellow diamonds, which were the subject of a special marketing agreement between the former operator and Tiffany & Co.  The most advanced prospect at Ellendale is the Blina Alluvial Prospect, which is fully permitted, the major processing plant equipment has already been purchased and the project is ‘shovel ready’.  T...

Reform at all mining and Processing divisions in Yakutia! Alrosa has launched a large-scale reform of its maintenance and repair service. The project is expected to deliver RUB 3.2 billion in five years. The program covers all the company’s services directly involved in the maintenance and repair at all mining and processing divisions in Yakutia. The project implies a gradual transformation of how equipment’s serviceability status is managed. Every mining and processing division will host a unit of the Integrated Service Centre. It will ensure maintenance safety and development, formation of responsibility centers and implementation of a new service system and a united technical policy. The new system is expected to come on stream by the end of 2020. The transformation implies the centralization of all functions into one service and a shift towards digitalization with all data concentrated in the SAP Plant Maintenance module. This approach will allow using digital t...