Business
Tailings Storage Facility wall breach at Willia...
Tailings Storage Facility wall breach at Willia....
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n \n FOR IMMEDIATE RELEASE\n \n \n \n 7 November 2022\n \n \n LSE: PDL\n \n \n \n \n Petra Diamonds Limited\n \n(“Petra”) or the (“Company”)\n Tailings Storage Facility wall breach at Williamson in Tanzania\n Petra announces that earlier today the eastern wall of the Tailings Storage Facility (TSF) at the Williamson mine was breached, resulting in flooding away from the pit which has extended into certain areas outside of the mine lease area.\n Williamson’s management are at the affected areas together with the Regional and District Commissioners. Government and Mine emergency response teams have been mobilised. To date, no injuries or fatalities have been confirmed and the teams on the ground are engaging with community members to keep them away from the affected area.\n A CEO-led team is being sent to the site to assist the mine team and to provide any support required. Williamson’s management is working closely with local and regional authorities and Petra will provide further updates as information becomes available. Mine production has been suspended pending an investigation into the incident.\n Petra currently has a 75% shareholding in Williamson Diamonds Limited, with the Government of Tanzania owns the remaining 25%.\n This announcement includes inside information as defined in Article 7 of the UK Market Abuse Regulation No. 596/2014 and is being released on behalf of Petra by the Company Secretary.\n For further information, please contact:\n \n Petra Diamonds, London Telephone: +44 20 7494 8203\n Patrick Pittaway [email protected] \n Julia Stone\n About Petra Diamonds Limited\n Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company’s portfolio incorporates interests in three underground producing mines in South Africa (Finsch, Cullinan Mine and Koffiefontein) and one open pit mine in Tanzania (Williamson).\n Petra's strategy is to focus on value rather than volume production by optimising recoveries from its high-quality asset base in order to maximise their efficiency and profitability. The Group has a significant resource base of 226.6 million carats, which supports the potential for long-life operations.\n Petra strives to conduct all operations according to the highest ethical...