Mining Weekly Editor Martin Creamer unpacks platinum group metals being in a great position to benefit from the fast-growing global decarbonisation momentum, SA and the global battery metals market; and De Beer’s R10-million coronavirus testing lab.
Mining & Exploration
Aim-listed Karelian Diamonds said on Wednesday that a confidentiality agreement that it entered into with Rio Tinto Mining and Exploration in 2010, had lapsed. Under the agreement, Rio Tinto has been disclosing to Karelian confidential information relating to exploration in Finland for the purpose of Karelian considering that information in
De Beers Venetia Mine has unveiled a R10-million coronavirus testing laboratory that will be used to check the diamond mines’ employees and contractors for Covid-19. Discussion with the Department of Health is also under way on assisting with the government’s screening efforts in the mine’s labour sending areas of Musina
Following a strategic review into its capital structure options, London-listed Petra Diamonds has decided to seek offers for the company or for parts of the business’ assets. Petra started a strategic review of its capital structure options on March 27 to explore options available to settle an outstanding senior secured
Petra Diamonds has put itself or parts of its business up for sale, the Africa-focused miner said on Friday, as part of a review the company began in March after being hammered by lacklustre demand and prices for the precious gem. The company has been in talks with its creditors
The Equitable Access Campaign (EAC), which includes local marine diamond miners operating off the coast of Alexander Bay, tells Mining Weekly it strongly disagrees that State-owned land and marine diamond mining company Alexkor’s concessions potentially being be sold off. It argues that Alexkor’s assets are “unquestionably strategic” and “arguably priceless”.