Petra Fined $429,000 over Williamson Dam Burst

By John Jeffay / December 19, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Petra Diamonds has been fined 1bn Tanzanian shillings ($429,000) over the breach of its tailings dam at its Williamson mine.Its holding company Williamson Diamonds Limited (WDL) has been ordered to pay sum to the Tanzanian government's National Environment Management Council (NEMC).Dr Samuel Gwamaka, director general of the NEMC said WDL was responsible for compensating victims of the tailings storage facility (TSF) breakage in November.Homes were damaged as 12.8m cubic metres of muddy water and tailings material covered an area of over 5km2.Petra, which has a 75 per cent holding in the mine, said in a statement that it was "engaging constructively with the Tanzanian authorities in respect of the cause of the incident".It said: "The root cause of the subsidence that led to the breach has not yet been determined and requires a forensic geotechnical investigation to be completed to do so."Petra doesn't expect to resume mining operations at Williamson until "the middle of 2023".Pic courtesy Petra Diamonds

Recent News

Gold stocks decline as metal price drops

June 29, 2026 / www.canadianminingreport.com

Tech takes a hit on South Korea semiconductor decline

June 29, 2026 / www.canadianminingreport.com

Gold stocks rise even as metal drops for second week

June 22, 2026 / www.canadianminingreport.com

Base outperform precious metals in slowdown from 2025 boom

June 22, 2026 / www.canadianminingreport.com

Mining stocks not looking expensive versus returns

June 15, 2026 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok