Debswana powers De Beers�s profits

Tuesday, July 29, 2014

De Beers recorded underlying operating profit of US$765 million (P6.7 billion), an increase of 34 percent in the first half of 2014. This is mainly due to solid demand across key markets that resulted in strong revenue growth. Production increased by 12 percent to 16 million carats, with 75 percent of the output coming from the Debswana mines.

Announcing the De Beers results for the first six months of 2014, the company said the rise in output reflected improvements in productivity with the recovery from the impacts in 2013 of the Jwaneng slope failure clean-up and Orapa’s planned plant maintenance.

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