News

Advanced Search

Petra Launches Artisanal Mining at South Africa Site

Oct 31, 2019 8:07 AM   By Rapaport News
Comment Comment Email Email Print Print Facebook Facebook Twitter Twitter Share Share


RAPAPORT... Petra Diamonds has launched a small-scale mining initiative at its Koffiefontein deposit that will provide work for the local South African community.

The miner will give some of its tailings — ore that has already been treated — to the Koffiefontein Community Mining Primary Cooperative (KCM) for processing. The company met with the Department of Mineral Resources and Energy, the regulator for the mining sector, to ensure the artisanal mining would comply with the Kimberley Process Certification Scheme, as well United Nations standards.

“Petra believes there is a space for artisanal small-scale miners (ASM) to coexist with formalized, large-scale mining, since ASM can often profitably recover diamonds from resources that would be unprofitable, or at best marginal, for a larger operator due to the capital and overhead costs involved,” Petra said Thursday.

The initiative is the second of its kind for Petra, which had previously established ASM activities in 2017 with its former subsidiary, Kimberley Ekapa Mining.

“We regard this initiative as yet another milestone in the Petra legacy, and we welcome the KCM artisanal miners as partners in our industry to complement our own operations and extract optimal benefit from the diamond reserves in Koffiefontein,” noted Petra CEO Richard Duffy.

Image: The Koffiefontein mine. (Petra Diamonds)
Tags: artisanal mining, Department of Mineral Resources and Energy, KCM, Kimberley Ekapa Mining, Kimberley Process Certification Scheme, Koffiefontein, Koffiefontein Community Mining Primary Cooperative, petra, Petra Diamonds, Rapaport News, Richard Duffy
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First
© Copyright 1978-2019 by Martin Rapaport. All rights reserved. Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
While the information presented is from sources we believe reliable, we do not guarantee the accuracy or validity of any information presented by Rapaport or the views expressed by users of our internet service.