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PRODUCTION REPORT

Q3 2017

Rough diamond production for Q3 2017 increased 46 per cent to 9.2 million carats in line with the higher production forecast for 2017, reflecting stable trading conditions as well as the contribution from the ramp-up of Gahcho Kué in Canada.

DEBSWANA (BOTSWANA)

Production increased 33 per cent to 6.1 million carats. Orapa’s production increased 60 per cent mainly driven by the ramp-up of Plant 1, which was previously on partial care and maintenance in response to trading conditions in late 2015. Jwaneng’s production increased 23 per cent as a result of planned increases in feed to plant.

NAMDEB HOLDINGS (NAMIBIA)

Production increased 12 per cent to 454,000 carats primarily as a result of higher mining rates from Debmarine Namibia’s Mafuta vessel.

DE BEERS CONSOLIDATED MINES (SOUTH AFRICA)

Production increased 41 per cent to 1.5 million carats largely as a result of higher grades at Venetia.

DE BEERS CANADA

Production increased five-fold to 1.1 million carats due to the ramp-up of Gahcho Kué, which reached nameplate capacity in Q2 2017.


SALES

Consolidated rough diamond sales volumes in Q3 2017 were 6.5 million carats (6.9 million carats on a total 100 per cent basis) from two Sights, compared with 5.3 million carats (5.7 million carats on a total 100 per cent basis) from two Sights in Q3 2016. The increase was driven by a normalisation of demand for lower value goods in 2017.


FULL YEAR GUIDANCE

Full year production guidance1 has been revised to ~33 million carats (previously 31 – 33 million carats).


PREVIOUS UPDATES

1 De Beers production is on a 100 per cent basis, except for the Gahcho Kué joint venture which is on an attributable 51 per cent basis.
2 Consolidated sales volume excludes De Beers’ JV partners’ 50% proportionate share of sales to entities outside the De Beers Group of Companies from the Diamond Trading Company Botswana and the Namibia Diamond Trading Company, and includes pre-commercial production sales volumes from Gahcho Kué.