SouthernEra posts loss on lower output, writedown

CANADIAN diamond and platinum company SouthernEra Resources has attributed a 45% drop in revenue to C$25.9 million for fiscal 2000 to the end of mining at the M-1 pipe at is Marfontein diamond project in South Africa.

Diamond production for the year reached 436,660 carats (SouthernEra 40%) at an average selling price of US$121 compared with 882,412ct at a price of US$113 in 1999.