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South African diamond-mining company Petra Diamonds in the 2018 financial year ended June 30, increased diamond production by 15% to 4 million 610 thousand carats, which coincided with the forecast. In physical terms, sales increased by 14% to 4 million 550 thousand carats, in value terms - by 21% to 576 million dollars. Previously, Petra Diamonds announced that it intends to sell its stake in the joint venture Kimberley Ekapa Mining of Ekapa Mining for 300 million African rands. Excluding Kimberley Ekapa Mining, sales of Petra Diamonds and its production grew by 19%. Revenue amounted to 495 million dollars, increased by 25%.
Oil prices fell on Thursday after OPEC+ agreed to lessen output cuts from August, though the decline was dampened by a recovery in demand as U.S. crude stocks had an unprecedented drop. Brent crude slid 0.3%, or 13 cents, at $43.66 per barrel. ...
Tesla Inc will be manufacturing mobile molecule printers in an attempt to aid Germany’s biotech firm CureVac in developing a potential COVID-19 vaccine, according to a tweet by the electric-car maker’s CEO Elon Musk on Wednesday. CureVac ...
The European aviation Airbus (AIR.PA) announced on Monday that its airplane production and deliveries would be 40% lower for the next two years compared to its planned pre-crisis strategy. The CEO's comments underscore the threat to jobs as ...
Germany took another step back to its road to economic recovery after it posted its lowest industrial production output in April amid the crisis of the coronavirus pandemic. Europe’s largest economy is up to another downhill trajectory ...
Russian oil and gas condensate production dropped to 9.39 barrels per day (bpd) in May, nearing its target in accordance to a deal with the Organization of the Petroleum Exporting Countries (OPEC+). The figures come from the country’s ...
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