After almost a decade of production stagnation around 130 Mct, Kimberley Process 2017 diamond annual production data show a marked production jump for diamonds. Production of rough diamonds rose from 134 Mct and US$12,4 bn (2016) to 151 Mct and US$15,9 bn (2017), an apparent return to pre-2008 levels (not there yet, but getting closer) – data from the Kimberley Process (KP).
South African production explains most of the jump in value recorded in KP data. It more than doubles previous year’s South African production value and it is a record value. Most probably I am missing something: can this be, or is the published data wrong? again, drop me a line to comment on this.
The sharp (12,5%) increase in rough diamond volume production is due to:
- + 3,1 Mct in Australia;
- + 2,5 Mct in Botswana;
- + 10,2 Mct in Canada;
- – 4,3 Mct in DRC;
- + 0,8 Mct in Lesotho;
- + 2,3 Mct in Russia and
- + 1,4 Mct in South Africa.
The even sharper (28%!) value increase was due to:
- + 483 M USD in Botswana;
- + 663 M USD in Canada;
- – 89 M USD in DRC;
- + 533 M USD in Russia and
- + 1 840 M USD in South Africa.
Petra Diamonds Limited is attending the Bank of America Merrill Lynch Global Metals, Mining & Steel Conference 2015 in Barcelona and has published a new presentation on its website. The presentation may be obtained here: BAML-Mining-Presentation-12-14-May-2015-FINAL.
Petra Diamonds is a diamond mining group with interests in five producing mines: Finsch, Cullinan, Koffiefontein and Kimberley Underground (South Africa) and Williamson (Tanzania). The Company also maintains an exploration programme in Botswana. Petra has a core objective to steadily increase annual production to 5 million carats by FY 2019. The Group has a resource base in excess of 300 million carats.
Petra is quoted with a premium listing on the Main Market of the London Stock Exchange under the ticker ‘PDL’ and is a constituent of the FTSE 250 Index.
Diamcor Mining Inc. (TSX-V.DMI / OTCQX-DMIFF), just announced the filing of an updated National Instrument (“NI”) 43-101 technical report dated April 28, 2015 for its Krone-Endora at Venetia Project. The Technical Report is an update of the initial NI 43-101 technical report for the Project filed on July 30, 2009. To obtain it, just click here: ke_technical_report