Anglo American Corporation announced that, as expected, it owned 85 percent of De Beers has registered lower income from the fifth this year diamond sales cycle.
De Beers Group's revenue from diamond sales decreased c $ 636 million received during the fourth cycle of sales, to $ 560 million.
However, the results of the fifth of the sales cycle are preliminary in nature and in the next month may be adjusted upward or downward.
"Sales in the fifth cycle of the year was slightly lower than in the fourth cycle, which corresponds to our expectations and the typical seasonal fluctuations in demand, - said the outgoing CEO of De Beers Philippe Mellier (Philippe Mellier). - The demand for rough and polished prices remained stable, reflecting strong consumer demand, but we maintain a cautious outlook. "
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Company Kimberley Diamonds reported that she was able to get a loan working capital of $ 2.8 million for the development of diamond deposits Lera (Lerala) in Botswana.
According to the company, this cash injection, in conjunction with the planned for March-April issue of rights, should allow to start production at the field Lera.
The field is expected to be commissioned in March and the beginning of diamond mining - in April. The first auction of diamonds is scheduled for June 2016.
According to the terms of the loan, KDL and its subsidiary in Botswana Lerala Diamond Mines Ltd have entered into a sales and marketing agreement with carrying out the sale of diamonds to Belgian auction house DDA Trading BBVA.
DDA will receive diamonds from the mine a total value of at least $ 5 million at a discount.
"The Kimberley Diamonds are of the opinion that by providing working capital of $ 2.8 million diamond mine Lera will be fully funded and commissioned diamond sales will begin in June 2016." - said in a statement.
To date, the Kimberley Diamonds has received a loan of $ 9.2 million from the Chinese Zhejiang Huitong Auction and about $ 700,000 from diamond sales agreement with Restwell Investments.
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