Driven by significantly reduced diamond prices, especially in its March tender, diamond miner Petra Diamonds reports a drop in revenue of 32% year-on-year to $91.3-million for the third quarter of the financial year ended March 31. Reflecting stable market conditions before the Covid-19 pandemic took hold internationally, the company notes

The Democratic Republic of Congo has suspended the board of directors and management of state-controlled diamond mining company MIBA, after an audit revealed significant irregularities, the government said in a statement. The audit identified a host of problems including compliance, governance, production and financial management, the statement by Congo president’s

Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of close

The South African mining industry is, generally, well prepared to deal with the return to work of a large percentage of staff as lockdown Alert Levels move from Level 4 to Level 3 on June 1, reports the Minerals Council South Africa. The council noted in its second weekly Covid-19

In its latest newsletter, the South African Diamond Producers Organisation (Sadpo) has advised that diamond producers hold back on production and sales, as the rough diamond market remains under immense pressure. Sadpo says the rough diamond market, particularly for larger diamonds, has remained under immense pressure since the start of