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Petra explains sell of Botswana diamond exploration business

Petra CEO Richard Duffy says the disposal of its exploration assets in Botswana, held through Sekaka Diamonds is part of the company’s strategy of focusing on driving efficiencies from its producing mines. The LSE-listed company is selling its exploration assets in Botswana to Aim-listed Botswana Diamonds (BOD) for $300 000 …

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Miners in Botswana stuck with gems worth billions

Owner De Beers, which mines and auctions most of its gems in Botswana, has barely sold any rough diamonds since February. Neither has Russian rival Alrosa PJSC. Now, as the coronavirus restrictions that froze the global industry for months begin to lift, the unsold diamonds present a dilemma: how to …

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