Petra spends P65m to advance CKGR project

Friday, February 26, 2016

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.

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