Take a free trial or Subscribe now

Advanced Search

Mining Bulletin

The full story: In-depth news and analysis

DRILLING POINTS TO MORE NEAR-TERM GROWTH AT SANTANA’S LEADING KIWI PROJECT

Explorer Santana Resources has highlighted significant near-term potential for further resource growth at its 100%-owned Bendigo-Ophir project in New Zealand’s South Island after drilling assays consistently surpassed past average grades at its Rise and Shine deposit.

GLENCORE’S $1.1B SALE OF COBAR MINE HERALDS NEW AUSTRALIAN BASE METALS EMPIRE

Global miner/marketer Glencore has reached binding agreement on the $US1.1B-plus-royalty sale of long-lived Cobar underground copper mine in Australia to special purpose funder Metals Acquisition Corporation.

NEWCREST SEES MORE DECADES AHEAD WITH GO-AHEAD FOR NEW CADIA STAGE DEVELOPMENT

Newcrest Mining has given the go-ahead for the next stage development of its flagship Cadia gold and copper mine in NSW, Australia after completing a feasibility study on its panel cave PC1-2 development.

GASCOYNE RESOURCES’ DALGARANGA A VICTIM OF THE PRESSURES ON WEST AUSTRALIAN MINES

Battling West Australian miner Gascoyne Resources will turn its focus to a financial restructuring and progressing higher-grade exploration assets to support a long-term mining plan after the sudden shutdown of its flagship Dalgaranga mine.

FIREFINCH ABOUT-TURN ON RECAPITALISATION SPELLS DEATH FOR MALI’S ‘GORILLA’ GOLD MINE

Australian-based miner Firefinch has given up on its efforts to recapitalise its 80%-owned Morila gold mine in Mali, almost certainly sending the mine once known as “Morila the Gorilla” into insolvency.

GROWING LINDA PROJECT TARGET HIGHLIGHTS ZINC POTENTIAL AT FLINDERS RANGE

New laboratory assays have doubled the size of the zinc soil anomaly target at critical minerals explorer Stelar Metals’ Linda zinc project in South Australia’s Flinders Ranges, with the scale and DSO grade indicating its potential for economic mineralisation at depth.

FALL OF GROUND AFTERMATH TRIGGERS ADMINISTRATION FOR RED RIVER’S THALANGA MINE

Australian miner Red River Resources has appointed administrators to its Thalanga zinc-copper-lead mine to tackle threats to its solvency due to continuing performance issues following a fall of ground incident nearly three months ago.

MALLEE RESOURCES REACTIVATES AVEBURY NICKEL MINE IN SIX MONTHS

Explorer Mallee Resources has joined the ranks of Australian nickel sulphide producers after making a successful start to the commissioning of the processing plant at its 100%-owned Avebury project in Tasmania.

MINERAL RESOURCES STILL PONDERING STRATEGIC OPTIONS FOR LITHIUM BUSINESS

Australia mining and services company Mineral Resources is continuing to evaluate “strategic options” for its rapidly growing lithium hard rock operations in the Pilbara and Goldfields regions of WA.

CAVALIER LIFTS HOPES FOR LEONORA PROJECT AFTER FIRST DRILL CAMPAIGN

West Australian explorer Cavalier Resources reports encouraging results in recent drilling that targeted extensions to the existing resource area at its 100%-owned Crawford gold project at Leonora.

CANNON RESOURCES PUTS OUT THE JV SHINGLE FOR WA’S COLLURABBIE PROJECT

West Australian explorer Cannon Resources has identified 55 areas of interest including potential targets for shallow geochemistry following analysis of historical geophysical data at its Collurabbie nickel-copper-PGE and gold project.

ELEVATE IDENTIFIES BIG URANIUM TARGET AT NAMIBIA’S KOPPIES PROJECT

Elevate Uranium has raised the potential to add significantly to its maiden 20.3Mlb U3O8 inferred mineral resource at its Koppies project in Namibia with the identification of a mineralised zone extending over 10km and up to 1,000m wide.

MID-2023 TARGET FOR APPROVAL OF HIGH-GRADE FEDERATION DEPOSIT UNDERGROUND MINE

Australian miner Aurelia Minerals has outlined the starting physical and economic picture for the development of an underground mine at its high-grade, low-cost Federation polymetallic deposit in the Cobar Basin of central-western New South Wales.

WA NICKEL EXPLORER ST GEORGE MINING JOINS THE TREND TO FOCUS ON LITHIUM

The first assays of visibly mineralised pegmatite rock samples have validated the potential for significant lithium mineralisation at St George Mining’s Mount Alexander project in the NE Goldfields of Western Australia.

KINGSLAND MINERALS DRILLING BREATHES LIFE BACK INTO CLEO URANIUM PROJECT

Australian explorer Kingsland Minerals has laid the foundation to grow the footprint of the Cleo uranium mineralisation based on initial assay results from its maiden drilling program in the historic Pine Creek mining region in the NT.

EXPLORATION SUCCESSES CARRY BELARAROX TO NEW PHASE IN NSW SEARCH

Australian explorer Belararox is considering the release of a mineral resource estimate next month as it progresses metallurgical testwork on targets at the historical Native Bee mine site, part of its 100%-owned Belara project in NSW.

MAGMATIC RESOURCES' MASSIVE INTERSECTION SHARPENS ITS CORVETTE FOCUS

Australian explorer Magmatic Resources has made an impressive start to its drilling campaign on the Corvette prospect at its Myall licence in NSW, delivering the highest-grade, broadest and deepest mineralised interval. Ross Louthean reports

SAMS CREEK PROJECT EMERGES AS AN UNDERGROUND PLAY FOR SIREN GOLD

Australian explorer Siren Resources is following up the potential for an underground development of Sams Creek, New Zealand's largest undeveloped gold project.

HARMONY GOLD BUILDS COPPER STRATEGY IN $230M AUSTRALIAN PROJECT BUY

South African-based Harmony Gold Mining reached agreement on the $230M acquisition of the Eva copper-gold project from Canadian owner Copper Mountain Mining, diversifying its commodity range and risk profile.

NEW TALISMAN MINES PREPARES TO REACH THE LIGHT AT THE END OF ITS TUNNEL

New Talisman Goldmines holds meetings with a range of industry specialists as it moves into detailed preparations for its strategic plan to produce gold from its NZ mine in 2023.
more

You are here

Home

Petra Diamonds

Exchange Code: 
LSE:PDL
Website: 
http://www.petradiamonds.com

Petra Diamonds

Full text is available to Level 2 subscribers only

Subscribe to Mining Business Media

Full access to Mining Business Media's unique blend of global mining sector news and commentary is available by subscription only.

 

$A275.00 per year*

(*up to 10 users)

GST included in Australia

 

Direct debit/cheque/credit card:
Click here

 

 

Subscription inquiries, email subscribe@miningbusiness.net or call 61+413 772 044.

(Privacy Policy)

 

 


 

Related Content

PETRA DIAMONDS: DE BEERS ACQUISITION FOR $7.2M

Post date: 
12/01/2015 - 19:51

Diamond miner Petra Diamonds and Kimberley-based diamond tailings producer Ekapa Mining P/L are buying De Beers’ Kimberley Mines and its tailings operation in South Africa for ZAR102M ($US7.2M).

CONSORTIUM TO BUY DE BEERS’ KIMBERLEY MINES FOR $7.2M

Post date: 
12/01/2015 - 19:44

Petra Diamonds and Ekapa Mining have come together to buy De Beers’ Kimberley Mines’ tailings operations in South Africa.

PETRA DIAMONDS: FY15 PROFIT SLASHED TO $63M

Post date: 
09/18/2015 - 15:18

Reliance on mature, diluted underground operations and a weaker diamond market have cut South African-Tanzanian miner Petra Diamonds’ June 2015 year (FY2015) adjusted net profit after tax by 33% to $US62.8M on the previous year.

PETRA DIAMONDS FY15 PROFIT CUT 33%

Post date: 
09/18/2015 - 15:12

Petra Diamonds’ older, diluted underground mines have cost the company, cutting its FY15 profit by a third to $62.8M

PETRA DIAMONDS: ON TRACK FOR PRODUCTION TARGETS

Post date: 
07/27/2015 - 19:23

Petra remains firmly on track for its target of about 5Mct by FY19 after lifting production by 2% to 3.2Mct for the year to June 2015 (FY14: 3.1Mct). With the company in transition due to underground ROM production, especially at Cullinan, forecast FY2016 increased 3.3-3.4Mct.
Lower average diamond prices reduced FY2015 revenue by 10% to $US425M ($471.8M).

PETRA DIAMONDS: MINE CHANGES TO REDUCE FY REVENUE

Post date: 
06/12/2015 - 17:36

African diamond miner Petra is facing a near-10% fall in revenue for the year to June 2015, reducing its forecast to $US430M from $472.6M in FY2014 despite maintaining the production outlook from its South African and Tanzanian mines steady at 3.2Mct.
Petra says changes in the product mix particularly as it transitions through diluted mining areas at its Finsch and Cullinan projects in South Africa will deliver fewer high-quality stones and a higher proportion of smaller diamonds. It says expansion programs are on trap for 5Mct pa by 2019.

PETRA DIAMONDS: $300M RAISING SEES NEW CULLINAN PLANT

Post date: 
04/25/2015 - 19:12

Petra Diamonds has launched a $US300M capital raising, partly to fund a new $142.8M, 6Mtpa plant at its famous Cullinan Diamond Mine in South Africa that’s been in operation since 1947.

$300M PETRA FUNDING INCLUDES NEW CULLINAN PLANT

Post date: 
04/25/2015 - 19:07

Petra Diamonds has flagged a new $144M plant for its famous Cullinan Diamond Mine to be funding via a new $300M raising

PETRA DIAMONDS: FY2015 PRODN TARGET UP AFTER H1 FALL

Post date: 
01/26/2015 - 17:55

While seeing its Dec 2014 half (H1 FY2015) production down 2% to 1.6Mcts on H1 2014, Petra Diamonds has lifted FY2015 diamond production guidance from 3.2Mcts to 3.3Mcts, but says its full year results will be below current market expectations.

PETRA DIAMONDS H1 PRODN DOWN, BUT FY2015 REVISED UP

Post date: 
01/26/2015 - 17:48

Petra Diamonds warns FY2015 results are expected to be below analyst expectations, despite lifting FY guidance upgrade

Pages

Mining Billboard

Insights and analysis from leading industry commentators

US GOVERNMENT BACKS IONEER PROJECT AS KEY TO CRITICAL MINERALS SUPPLY SECURITY

(DEVELOPMENT) The US government has recognised the potential value of Ioneer’s Rhyolite Ridge lithium-boron project in Nevada to the national push for security of critical minerals supply with the offer of a $700M development loan.

SAUDI MINING GIANT SEEKS MORE GROWTH THROUGH INTERNATIONAL PARTNERSHIPS

(EXPLORATION) Saudi Arabia’s majority government-owned mining company Ma’aden has unveiled three new initiatives using partnerships with international miners and the nation’s massive investment capacity to advance a new phase of domestic and international growth.

GLOBAL COAL USE REACHING ALL-TIME HIGH ... BUT INDUSTRY TRENDS POINT TO RAPID DECLINE

(COMMENTARY) The global use of coal for electricity generation will hit record levels this year, but lack of new investment in export-driven coal projects supports the expectation that peak coal has been reached and will rapidly decline in the face of global pressure on fossil fuels.

THE YOUNG AUSTRALIANS WHO WON A HUMAN RIGHTS CASE AGAINST AN ENORMOUS COAL MINE

(COMMENTARY) A Queensland special court has made legal history by recommending refusal of a coal mine development on climate change grounds, in the first case in Australia that links human rights and climate change.

AUSTRALIAN COURT SETS NEW ‘RIGHTS’ STANDARD TO BLOCK PALMER'S THERMAL COAL MINE

(ENVIRONMENTAL) Australian natural resources court adopts climate change and human rights arguments to oppose giant thermal coal mine development.

ABB ENLISTS PERENTI FOR MINING ELECTRIFICATION PUSH TOWARDS NET ZERO EMISSIONS

(SUSTAINABILITY) Global power and automation technology company ABB has added mining services group Perenti to its list of partnerships aiming to promote electrification of mine haulage operations and other decarbonisation strategies for the resources sector.
more

Mining Brokers

START THE WEEK: COMMODITIES (January 29, 2023)

    START THE WEEK: CALENDAR (January 30, 2023)

      START THE WEEK: COMMODITIES (January 22, 2023)

        START THE WEEK: CALENDAR (January 23, 2023)

          START THE WEEK: COMMODITIES (January 15, 2023)

            more