×
350
Fashion Jobs
MONALISA ELECTRONIC DESIGN CENTRE PRIVATE
Excellent Job Opportunity For Area Sales Manager- gt & mt
Permanent · Shimla
RRD
Associate Production Manager
Permanent · Chennai
GOKALDAS EXPORTS
Executive - Warehouse (Apparel / Garments Background)
Permanent · Bhopal
NEW ALFA INTERNATIONAL
Foundry Production Manager
Permanent · Dubai
MEDCIS PATHLABS
Medcis Pathlabs is Hiring For Pathology Area Sales Manager
Permanent · Visakhapatnam
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Bhubaneswar
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Chennai
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Cosmetics & Personal Care - Fmcg Industry
Permanent · Bhopal
DESAI ELECTRONICS
Manager Production
Permanent · Pune
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager - Ophthalmic Segment/Ent- Pharma Industry
Permanent · Bengaluru
PEOPLE ALLIANCE WORKFORCE
Sales And Marketing Executive/Asst. Manager -Rigid/Plastics Packaging
Permanent · National Capital Region
BT PRINT PACKAGING SOLUTIONS LLP
Sales Engineer / Businesss Development Manager / Area Sales Manager
Permanent · Faridabad
PEOPLE ALLIANCE WORKFORCE
Area Sales Manager/Asm/Sales Manager- Pharma Industry
Permanent · Chennai
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-Denmark Mnc - Medical Device or Hearing Aid
Permanent · Surat
PERFECT PUBLISHING SOLUTIONS
Area Sale Manager-b.Tech Fresher-German Mnc -Immediate Joining
Permanent · Mangaluru
NIKE
Partner Management Office (Pmo) General Manager (India)
Permanent · Bengaluru
CARS24
Sales Manager - Kochi,Coimbatore
Permanent · Kochi
SAHAJANAND MEDICAL TECHNOLOGIES
Area Sales Manager
Permanent · Chandigarh
ON TIME SOLUTIONS
Mnc Plastic Industry is Hiring Production Manager (Plastic)
Permanent · Bengaluru
HALONIX TECHNOLOGIES
Area Sales Manager/Territory Manager - Institutional Sales
Permanent · Dehradun
GOKALDAS EXPORTS
Manager - Warehouse (Apparel / Garment Background)
Permanent · Bengaluru
ADIDAS
Director - Finance fp&a Fsf
Permanent · CHENNAI
By
Reuters API
Published
Feb 6, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

De Beers to hold diamond exploration spend steady in 2017

By
Reuters API
Published
Feb 6, 2017



Anglo American's diamond unit De Beers will keep its diamond exploration budget steady at $35 million in 2017, the company said, although it has turned to new technology to try to improve the rate of discoveries.
Many mining companies cut exploration spending because of a slump in commodity prices in 2015, as well as a widening gap between expenditure and the value of resources found as the best quality ores are depleted.
"Our exploration spend this year is likely to be in line with last year's, around $35 million," De Beers said in an email.

De Beers, however, is employing a high-tech detection method that measures the tiny magnetic field shifts that indicate the presence of a kimberlite pipe, where diamonds are found, well below the surface of the earth.
The industry as a whole invested around $7 billion on exploration between 2000 and 2013, De Beers figures show.

The results of this spending have been meagre. De Beers says only one diamond deposit of significant size has been discovered – Bunder in India, which Rio Tinto found in 2004.

Last year De Beers also brought on a new mine in Canada, saying it was the world's largest new diamond mine but would not result in a supply surge because it was only helping to replace diamonds that have been sold.
Some analysts talk about peak diamonds and De Beers has a policy of balancing production and demand to maintain its position as the biggest producer by value. Russia's Alrosa is the biggest diamond producer by volume.
Anglo American has placed diamonds, along with copper and platinum, at the core of a business it wants to focus on increased margins rather than bulk.

Diamond sales recovered in 2016 as the entire industry bounced back from a slump in 2015.
Sales of smaller grades, however, were hit late last year by India's decision to phase out higher denomination bank notes, constraining consumer spending in a largely cash economy.

 

© Thomson Reuters 2023 All rights reserved.