London-listed Petra Diamonds has posted a net loss of $223-million for the financial year ended June 30 – an improvement on the net loss after tax of $258-million reported for the 2019 financial year. The loss included a non-cash impairment charge of $91.9-million, whereas the loss for 2019 had included
Tag: DMCC
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
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
Lucara Diamond Corp. is pleased to announce the recovery of an unbroken 998 carat high white clivage diamond from its 100% owned Karowe Diamond Mine located in Botswana. The diamond, measuring 67x49x45mm, was recovered from direct milling of ore sourced from the EM/PK(S) unit of the South Lobe, and follows
After 37 years of operations and having exhausted its economic reserves, the iconic Argyle diamond mine in the remote east Kimberley region of Western Australia has celebrated its final day of mining. Arnaud Soirat, Rio Tinto’s chief executive of Copper & Diamonds said “Fifty years ago there were very few
After 37 years of operations and having exhausted its economic reserves, the iconic Argyle mine in the remote east Kimberley region of Western Australia has celebrated its final day of mining. Arnaud Soirat, Rio Tinto’s chief executive of Copper & Diamonds said “Fifty years ago there were very few people
