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”.

Canada’s Stornoway Diamonds on Thursday announced a management shakeup as part of a rationalisation exercise, which began last year with the privitisation of the company. Patrick Godin had resigned as CEO and Annie Torkia Lagacé also stepped down as executive VP, finance and corporate services. Gordon would be succeeded by

Lesotho has opened up more border posts to speed up  the return to work of locked-down foreign mineworkers. As reported  by Mining Weekly last week, 12 000 mineworkers had one border post at their disposal on re-entering South Africa from Lesotho and the opening of more border posts was requested.