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Rapaport reported that according to Anglo American plc (LSE:AAL), during the first quarter of 2014, De Beers’ production came to 7.532 million carats, an 18-percent increase from the year-ago quarter.
Rapaport reported that according to Anglo American plc (LSE:AAL), during the first quarter of 2014, De Beers’ production came to 7.532 million carats, an 18-percent increase from the year-ago quarter.
As quoted in the market news:
The increase was largely due to easy comparisons since one year ago production was impacted by plant maintenance at the Orapa mine in Botswana and the ongoing recovery of a slope failure at the Jwaneng mine. This quarter, production at Orapa increased 54 percent year on year to 3.204 million carats, while production at Jwaneng rose 4 percent to 2.376 million carats.
Nonetheless, the company noted that mines across South Africa were disturbed this time by heavy rainfall, resulting in lower production compared with