Petra Diamonds has officially exited the Williamson mine in Tanzania, completing the sale of its remaining stake as part of a broader strategy to navigate ongoing liquidity pressures. The London-listed miner had already divested nearly 50% of its interest in the mine to Pink Diamonds Investments Limited—a company affiliated with Taifa Mining, Williamson’s long-term technical […]

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Petra Diamonds says it expects production to fall this year, as it closes the loss-making Koffiefontein mine, in South Africa, and works towards re-opening the Williamson mine, in Tanzania, after the breach of a tailings dam. The UK-based miner is forecasting a total output of 2.75Mcts to 2.85Mcts for 2023, down from 3.35Mcts in 2022. […]

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Petra Diamonds has halted operations a wall of the tailings dam at its Williamson mine, in Tanzania, was breached. The UK-based miner said there were no confirmed deaths or injuries as a result of flooding from the eastern wall of the facility that stores mining waste. It’s less than two months since the tailings dam […]

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