Find is the third Type II D-colour gem-quality diamond weighing more than 100 carats recovered since March and the fourth such rock discovered in the current financial year.
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The company, South Africa’s largest gold producer, has run up losses of about 1.6 billion rand ($114 million) and about 110,000 ounces of missed gold output because of the labour action.
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Opponents to mining projects in South Africa are often harassed, threatened and sometimes even killed, according to a report by a group of human rights advocates including Human Rights Watch.
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The next step is obtaining the necessary regulatory approvals to start the bulk sampling program at the South African project, which is expected during the second quarter of the year.
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The discovery comes less than a month after Petra found a 100.83 carat gem-quality diamond at the same mine.
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The diamond miner said the appointment of a new chair was “not appropriate” at this time.
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The diamond miner said the appointment of a new chair was “not appropriate” at this time.
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Petra Diamonds keeps founder Pouroulis as chairman Read More »
Precious metal is up nearly 90% since August.
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It follows the recent recovery of a 6.12 carat Type II blue stone at the same mine.
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The country’s No.1 gold producer says the “brief” spill affecting the operation has already been halted and blamed vandals for destroying or stealing sections of the pipe it uses to move waste water.
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