Diamond miner Petra Diamonds sold 447 276 ct of diamonds for $61.3-million during its second tender for the 2023 financial year. Sales were up 6% year-on-year as a result of the final closure date of the tender being extended owing to unusual market conditions with some build up in inventory
Mining & Exploration
South Africa’s economic paradox is that it cannot grow economically if it has a burgeoning crime crisis but it is unable to solve the burgeoning crime crisis if it is not growing. That was the opening comment of outgoing Mineral Council South Africa CEO Roger Baxter, who anchored the second
Canadian mining company Mountain Province has discovered a new kimberlite as part of its Kennady North exploration programme, which focuses on the claims and leases surrounding the Gahcho Kue diamond mine, in the Northwest Territories. The new KE kimberlite is a distinct occurrence that is located about 450 m east
Diamond miner De Beers’ rough production has increased 4% to 9.6 million carats in the 3rd quarter of the year, “mainly due to the treatment of higher grade ore at both Orapa in Botswana and South Africa as well as continued strong performance in Namibia,” according to a report in
Diamond miner Diamcor Mining tendered and sold 3 776.33 ct of rough diamonds in the quarter ended September 30 – the second quarter of its 2023 financial year. The diamond sales generated revenue of $2.1-million, resulting in an average price of $556.08 /ct. This performance was positively impact by the
Mining stakeholders ought to do more to capitalise on existing resources, such as available geological and mining data, Orion Minerals CEO Errol Smart noted at the 2022 Council for Geoscience Summit, on Wednesday. He explained that he felt that brownfield exploration, based historical data supplemented by new research using newer