RAPAPORT. De Beers brought in $630 million at its latest sales cycle as the miner benefited from solid demand for its rough amid shortages of Russian goods.
Proceeds from the July sight and auctions were 23% higher than for the equivalent period a year ago, the miner reported Monday..
Petra Diamonds’ sales surged in the past fiscal year as the company benefited from stronger rough demand and the resumption of production at its Williamson mine in Tanzania.Revenue jumped 44% to $584.1 million for the 12 months ending June 30, the miner reported Tuesday. Prices climbed 42% on a.
Rio Tinto has lowered its output forecast for the full year following challenges arising from Covid-19.The miner now expects production from the Diavik mine in Canada to be between 4.5 million and 5 million carats, it said last week. That compares with the 5 million to 6 million carats it.
Mountain Province has reduced its output guidance for the Gahcho Kué mine in Canada amid a Covid-19 outbreak at the site and other challenges.The miner now expects to produce between 5.6 million and 5.8 million carats of rough in 2022, compared with its previous forecast of 6.2 million to 6.4.