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ASX-listed Fortuna Metals has started a 66-hole Phase 1 drilling programme at its Kampini rutile and graphite project, in Malawi. The targeted exploration footprint is defined by two primary licences – the Mkanda and Kampini assets – which cover a combined area of 658 km².
London-listed Petra Diamonds, which has mining operations in South Africa, has appointed Questco Corporate Advisory to manage a strategic review on its behalf. The diamond miner last week announced that it would undertake a strategic review, which will include the consideration of all potential paths to address the liquidity needs of the business in the near term.
South Africa needs to find ways to build and sustain its alluvial diamond sector in particular, given this country’s “incredible” alluvial sector which hosts “exceptional” diamonds. Accompanying these comments to Mining Weekly by diamond luminary Dr John Bristow was a picture of a 176 ct white diamond probably carried down the Orange river from Lesotho and recovered by Namdeb in the offshore setting on the Namibian side of the West Coast. (Also watch attached Creamer Media video.)