By
Reuters
Reuters
Published
Sep 19, 2016
Sep 19, 2016
Petra Diamonds expects up to 24 percent rise in 2017 production
By
Reuters
Reuters
Published
Sep 19, 2016
Sep 19, 2016
Petra Diamonds Ltd said it expected production to rise up to 24.3 percent in 2017 from a year earlier and grow further to hit 5 million carats (mcts) in 2018, a year earlier than expected.
The diamond miner forecast production to rise to 4.4-4.6 mcts in the year ending June 30, 2017 from 3.7 mcts in the corresponding period a year earlier.
Higher volumes at its joint venture with Kimberley Ekapa Mining in South Africa was helping boost total production, the company said.
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