Strong operational performance delivers 6% y/y increase in De Beers' fourth-quarter output
Diamond miner De Beers, a subsidiary of Anglo American, achieved a 6% year-on-year increase in rough diamond production to 8.2-million carats for the fourth quarter of 2022.
The miner said this reflected a strong operational performance across its assets, but partially offset by the planned completion of the final cut at the Venetia openpit mine, in South Africa.
De Beers' production in South Africa decreased by 27% year-on-year to 900 000 ct, owing to the planned completion of the final cut at Venetia openpit. Mining of the openpit was completed in December and the mine will transition to underground operations this year.
In Botswana, production increased by 11% to 5.8-million carats, primarily driven by strong plant performance, particularly at Jwaneng.
Production in Namibia increased by 51% to 600 000 ct, primarily driven by the continued strong performance from the Benguela Gem vessel and the treatment of higher-grade ore at the land operations.
Production in Canada increased by 7% to 800 000 ct, primarily as a result of the treatment of higher-grade ore.
De Beers has set its production guidance for this year at between 30-million and 33-million carats.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation