Home » News » Business » Improved demand pushed diamond production

Improved demand pushed diamond production

Publishing Date : 08 January, 2018

Author :

Diamond production recorded an increase of 32.9 percent during the third quarter of 2017 as compared to the third quarter of 2016. This increase was largely due to the improved trading environment and international demand for diamonds, as well as the resumption of the plant which was previously under partial care and maintenance.


According to a Statistics Botswana 2017 Q3 report on Indices of Mining Production, the quarter-on-quarter analysis shows that diamond production during the third quarter of 2017 increased by 2.4 percent as compared to the second quarter of 2017. On the other hand gold production recorded the highest increase since the second quarter of 2016, increasing 53.1 percent in the third quarter of 2017 as compared to the corresponding quarter in 2016.


The Statistics Botswana report notes that the increase was as a result of higher than expected recoveries from the ore despite the declining lifespan of the mine. The quarter-on-quarter analysis shows an increase of 42.3 percent, when comparing production during the third quarter of 2017 to the preceding quarter.


Meanwhile soda Ash production registered a decrease of 9.5 percent during the third quarter of 2017 when compared to the same quarter of 2016. The decrease was attributable to the aftermath of the plant refurbishment which took place in the second quarter of 2017. The quarter-on-quarter comparisons, however, reflects an increase of 100.9 percent during the period under review as compared to the preceding quarter.


However, salt production recorded an increase of 35.3 percent in the third quarter of 2017 when compared to the same quarter of 2016. The quarter-on-quarter comparison shows an increase of close to two fold in the third quarter of 2017 as compared to the second quarter of 2017.


Coal production decelerated, increasing 6.3 in the third quarter of 2017 after increasing 63.9 in the second quarter of 2017 when compared to the same quarter of the previous year. “Although production decelerated, it is important to note that there was no shortfall in supply of coal due to stockpiling. The quarter-on-quarter production increased by 1.5 percent, when compared to the preceding quarter,” reads the Statistics Botswana report.


According to the Indices of Mining report, Copper-Nickel-Cobalt Matte, Silver and Copper in Concentrates recorded zero production during the period under review. The instability and uncertainty of commodity prices had negatively affected the mines, thus leading to the provisional liquidation of the concerned companies.


The Index of Mining Production stood at 90.7 in the third quarter of 2017 showing a year-on-year increase of 23.0 percent from 73.7 during the third quarter of 2016. The increase in IMP was primarily influenced by positive contributions from Diamond and Gold. The quarter-on-quarter analysis reflects an increase of 3.9 percent from 87.3 during the second quarter of 2017.


Diamonds recorded 32.9 percent year-on-year percentage change, resulting in 29.3 percentage points’ contribution to the percentage change in total mining production. Gold on the other hand recorded 53.1 percent year-on-year percentage change which translated to 0.6 of a percentage point contribution to the overall percentage change in mining production during the third quarter of 2017.


The Index of Mining Production, Year-on-Year percentage change and contribution to the percentage change in the total mining production by mineral, during the third quarter of 2017.

Cartoon

Polls

Do you think the closure of BCL will compel SPEDU to double their efforts in creating job opportunities in the Selibe Phikwe?

banner_14.jpg
banner_12.jpg

POPULER BRANDS