Shale gas report to go before Cabinet in July

The Department of Mineral Resources (DMR) has completed its report on the feasibility of shale gas exploration in South Africa, Minister Susan Shabangu told Parliament on Thursday during her Budget vote speech. The report, which was put together...

Petra Diamonds production surges, prices rise

Africa-focused Petra Diamonds' quarterly production more than doubled as output from its Finsch mine in South Africa was taken into account for the first time, and the miner said prices for rough diamonds rose. Petra Diamonds, which operates...

South Africans spearheading new Guinea bauxite thrust

South Africans are spearheading a new bauxite thrust in Guinea, which hosts a quarter of the world’s bauxite reserves. Adonis Pouroulis, better known as the initiator of Petra Diamonds – now listed on the main board of the London Stock...

Kimberley underground mines, South Africa

A diamond mine located in South Africa's Northern Cape province.

Williamson mine, Tanzania

A diamond mine located in Shinyanga province, in Tanzania.

Petra Diamonds included in FTSE 250 index

LSE-listed Petra Diamonds has announced that its application to be included in the FTSE 250 index was approved on Wednesday. All constituent changes will be applied after the close of business on March 16 and will be effective on March 19. Petra...

Petra Diamonds posts H1 loss, sees prices strengthening

LSE-listed Petra Diamonds posted a net loss of $26.7-million for the first half of its 2012 financial year on the back of foreign exchange losses of $35.7-million, the miner reported on Tuesday. The loss compares with profit of $24.5-million in...

Koffiefontein mine, South Africa

A Petra Diamonds-owned mine, situated in the Northern Cape.

Finsch to help Petra double output in 2012

With production up by 64% to 935 553 ct for the six months ended December 31, LSE-listed Petra Diamonds on Wednesday said it was on track to achieve two-million carats output during 2012. In its six-month trading update, the miner said the...

NUM calls for technical audit as two more miners die

Two mineworkers died over the weekend at the Modikwa platinum mine – a joint venture between African Rainbow Minerals and Anglo American Platinum, the National Union of Mineworkers (NUM) said. The union expressed concern over the...

M&R installs egress system at Finsch diamond mine in 11 days

Shaft sinking, contract mining and raise-and shaftboring technology service provider Murray & Roberts Cementation has completed the implementation of an emergency egress system, over 11 days, at diamond miner Petra Diamonds’ Finsch mine.

Petra Diamonds set for move to main market

Petra Diamonds, London's largest listed pure diamond producer, expects to step up to the main UK stock market possibly as soon as next week, in a move that could see the African-focused miner included in the FTSE 250 index next March. Shares in...