Due to the falling prices of gold on the global and domestic markets, gold imports to India in September 2016 fell by 10.3%, to $ 1.80 billion from $ 2 billion in September 2015, according to India's Ministry of Commerce.
Since February of this year, gold imports fell, which helped to limit the deficit of the current trade balance to a level of $ 8.33 billion in September this year, compared with $ 10.16 billion in the same month of 2015.
For the entire current fiscal year deficit of the current balance of trade was $ 22.1 billion (1.1% of GDP), compared with $ 26.8 billion (1.3% of GDP) in the 2014-15 financial year.
The total official gold imports to India fell to 60 tonnes in April-July this fiscal year. This is significantly lower than the 250 tonnes in the same period last year. India, the second-largest gold consumer after China, imported 650 tonnes of the metal in the 2015-16 fiscal year.
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At Anglo American, which owns a 85 percent stake in the company De Beers, said that this year the volume of the diamond company cash savings could reach $ 200 million.
While Anglo did not report on how to achieve such indicators, but earlier in the De Beers said that that the Snap Lake mine (Snap Lake) in Canada and Damtsha (Damtshaa) in Botswana will be placed on care and maintenance.
The company said that lower sales of diamonds and low prices could be compensated by a change in product mix.
De Beers profit before interest and tax fell by 58% in 2015, to $ 571 million.
Diamond production fell by 12%, to 28.7 million carats, while in 2014 De Beers diamond mining was 33 million carats.
Production was reduced due to weak market conditions, the company said.
It is expected that in 2016 De Beers will produce 26-28 million carats due to prevailing market conditions.
The Anglo noted that De Beers will focus on mine Gacho Quay (Gahcho Kué) in Canada, the development of an underground mine on the project in Venice (Venetia) in South Africa, as well as at the Cut-8 operations (Cut-8) on the territory of the mine Jwaneng (Jwaneng ) in Botswana.
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