The Ekati diamond mine, in Northwest Territories, is being prepared for a restart, with 60 furloughed employees to be recalled with effect from early December. Owner Dominion Diamond says it is recalling employees in anticipation of an agreement to restructure its debt and to fund the company. An agreement with
Mining & Exploration
Dual-listed Botswana Diamonds has announced that all conditions precedent for the acquisition of Sekaka Diamonds have been satisfied. The transaction, first announced in July, has been approved by Petra’s lenders and noteholders, as well as by the Botswana Minister of Mineral Resources, Green Technology and Energy Security. Sekaka was Petra’s
Botswana’s rough diamond exports plunged around 66% in the third quarter compared with the same period last year, data showed on Friday, as the coronavirus pandemic hit demand and global travel restrictions impacted trading. Botswana closed its borders in March to curb the spread of the virus, locking out international
LSE-listed diamond miner Gem Diamonds has sold 70 559 ct worth of diamonds for the year to date, achieving an average price of $1 908/ct. During the third quarter, the group also unearthed five diamonds greater than 100 ct, bringing the total for the year to date to 13.
Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration
A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom interview, Smart expressed excitement
Diamond miner Petra Diamonds continued to perform well during the three months to September 30, with record carat production at the Cullinan mine in South Africa during August and September, an “excellent achievement” given the Covid-19 mitigation measures, which now form part of the group’s standard working conditions, says CEO