Business
Botswana’s Stable Diamond Industry Increases Mine Prospects for Second Quarter
Tuesday, March 18, 2014
Further, the group expected diamond prices to remain “relatively stable” during 2014, with the potential for price increases on the back of a firmer US market and continued growth in China. Liberum Capital agreed, noting in a statement to clients that 2014 should be a “stronger year for revenues, with strong prices being reported at tenders, polished prices small-up on the year and relatively more material being mined year-on-year from the higher value, higher-grade satellite pipe”.
“Together with our refined and focused strategy and flexible business model, the group is well positioned to take advantage of this positive trend,” Gem Diamonds nonexecutive chairperson Roger Davis concluded.
Copyright Mining Weekly 2014
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