0.30 ct. RAPI up 4.2%, a bigger gain than in May.
Category: Mining
Initial December sales results show 20% increase on like-for-like basis.
Result is highest per-carat figure in more than two years.
Drop for 2024 reflects decline in prices, sources say.
Miner also announces new organizational structure and executive committee.
Miner forecasts 2024 revenue increase.
Miner to focus on exploring for metals and minerals.
Weak prices and India’s import halt push miner into insolvency.
Company puts mine feasibility study on pause in favor of smaller-scale, lower-cost alternative.
Miner sold some inventory to joint-venture partner De Beers and is holding remainder in stock.
Miner cites market slowdown as additional reason for lower 2023 sales forecast.