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.

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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