Murowa’s gem production dips

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RIOZIM’s associate Murowa’s diamond production declined by four percent to 240 000 carats during the half-year ended June 30, 2021.
Group chairman Saleem Beebeejaun said the decline was a result of the lower-grade ore processed from the K2 pit throughout the period after migration of mining activities from the depleted high-grade K1 pit.

“Despite the reduced production, the associate sold more carats compared to prior year drawing from inventory, hence the share of profit from the associate rose to $252,9 million from the prior period’s share of loss of $5,3 million,” he said.