GJ Town India

  Sense to fulfill its diamond production plan this year 2024   Alrosa will fulfill its production plan this year, with production volumes amounting to 33 mln carats (cts) of diamonds, the Yakutia government reported, citing Alrosa CEO Pavel Marinychev. In addition, by the end of the year, Alrosa will perform a record volume of mining, having extracted almost 95 mln cubic meters of rock mass, the report noted.   "The company's production plan for the year will be fully met - production volumes will amount to 33 mln carats of diamonds, which is 100% in line with the planned figure. This was largely facilitated by the implementation of projects to improve operational efficiency," the Alrosa CEO was quoted in the statement. In addition, by the end of the year, Alrosa will perform a record volume of mining, having extracted almost 95 mln cubic meters of rock mass, the report noted.    "Despite another price crisis on the global diamond market and ongoing sa...

Standalone tender for Letlapa Tala Collection in November   Petra Diamonds Limited announces the following unaudited Trading Update for the three months ended 30 September 2020, Q1 FY 2021. Q1 production down 10% to 974,346 carats against the same period-Q1 FY 2020 had remained of 1,082,764 carats, mainly due to the Williamson mine remaining on care and maintenance.   Q1 revenue increased 33% to US$82.0 million over the Q1 FY 2020 of US$61.6 million, mainly due to the release of inventory carried over from Q4 FY 2020. Although diamond prices increased ca. 21% on a like-for-like basis at the September 2020 tender in comparison to the prices obtained following the Covid-19 outbreak, with a further ca. 2% increase at the October 2020 tender post Period end, prices are still down around 10% in comparison to pre-Covid-19 levels.   Due to ongoing uncertainty around the impact of Covid-19, production guidance for FY 2021 remains suspended. While the mines are generally ope...