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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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