Advertisement

Petra spends P65m to advance CKGR project

Double efforts: Petra could open the CKGR's second diamond mine
Double efforts: Petra could open the CKGR's second diamond mine

Africa-focused diamond producer, Petra Diamonds says it doubled exploration expenditure at the KX36 kimberlite in the Central Kalahari Game Reserve (CKGR) to $5.7 million (P65 million) in 2015.

In their 2015 annual report published recently, the London Stock Exchange (LSE) -listed company said its exploration expenditure, before depreciation, increased two fold

to $5.7 million from $2.8 million in 2014 due to the work programme underway at KX36 in Botswana, including the costs to relocate and commission the bulk sampling plant at site.

Advertisement
Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

Have a Story? Send Us a tip
arrow up