DeBeers rough diamond production dips 25%
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...