Tanzania Diamonds and Tourism Up in Q4 2017, Gold Down
The Bank of Tanzania (BOT) recently published its Economic Bulletin for Q4 2017 showing a growth in diamond production and in tourist arrivals and a decline…
Diamonds
Tanzania Diamonds
In 2015, Tanzania was the 10th largest diamond producer in Africa after Botswana (17.3m ca), Angola (7.1m ca), South Africa (6m ca), the Democratic Republic of Congo (3.15m ca), Namibia (1.92m ca), Sierra Leone (0.5m ca), Zimbabwe (0.5m ca), Lesotho (0.35m ca) and Ghana (0.24m ca).
Diamonds in Tanzania are found mainly in the Williamson diamond mine, which is located south of the town Mwanza in northwest Tanzania.
Petra Diamonds (LSE:PDL), through its subsidiary Williamson Diamonds Limited, holds 75% of the ownership rights over the mine, while the remaining 25% are owned by the Government of Tanzania.
In 2015, the company produced 202,265 carats (ca) and plans to increase its production to 350,000 ca per annum in 2017.
According to Petra Diamonds, the Williamson mine contains large diamond resources of approximately 38.1m ca.
According to the latest data, Tanzania’s diamond production from the Williamson mine rose by 23% in Q3 2016 to 53,034 ca, from 43,155 ca in Q3 2015.
Tanzania Diamond Revenues Down 1% in H2 2017
Petra Diamond, Tanzania’s only significant diamond producer, has published it Trading Update for the Six Months ended 31 December 2017, showing revenues down 1% to USD…
Tanzania Diamond Production Up 12% in H2 2016
Tanzania’s diamond production from the Williamson diamond mine in northwest Tanzania rose by 12% in H2 2016 to 106,831 carats (ca), from 95,841 ca in…
Tanzania Diamond Production Increase by 23% in Q3 2016
Tanzania’s diamond production from the Williamson diamond mine in northwest Tanzania rose by 23% in Q3 2016 to 53,034 carats (ca), from 43,155 ca in…