Namdeb First Quarter Diamond Production Reaches 432 000 Carats

LAND and sea diamond production at Namdeb Holdings reached 432 000 carats in the first quarter of this year, Anglo American reported yesterday.

De Beers, which is owned by Anglo is a 5050 partner in Namdeb with the Namibian government.

Production in the first quarter of this year was however higher by one percent when compared to the same period in 2013 when production reached 429 000 carats.

Namdeb’s carat production in the last quarter of 2013 was 465 000 carats, compared to 445 000 carats in the third quarter and 423 000 carats in the second quarter.

De Beers overall production increased by 18% to 7,5 million carats due largely to production in the first quarter of 2013 being impacted by planned plant maintenance at Orapa and the clean up in June 2012 of the sidewall failure in the Jwaneng pit in Botswana.

Southern African operations were again hampered by heavy rainfall, resulting in lower production than in the last quarter of 2013.

However, improved preparedness in the first quarter of this year meant the impact was lower than in the first quarter of 2013.

Production forecast for 2014 remains unchanged at 30 to 32 million carats.

De Beers said mines across South Africa were disturbed by heavy rainfall, resulting in lower production. Production at the Venetia mine fell 17% to 531 000 carats, while production at the Kimberley mine dropped 28% to 159 000 carats. Production at the Voorspoed mine rose 72% to 242 000 carats. In total, output from De Beers Consolidated Mines in South Africa dropped by seven percent to 932 000 carats.

Production at De Beers Debswana joint venture in Botswana, which includes the Orapa, Letlhakane, Damtshaa and Jwaneng mines, increased 27% to 5,75 million carats.

De Beers Canada production from the Snap Lake and Victor mines rose three percent to 409 000 carats.

– Additional reporting by www.diamonds.net

Source : The Namibian