Petra pays South African, Tanzanian govts $23.1m in taxes, royalties 

By Tasneem Bulbulia      / October 15, 2019 / www.miningweekly.com / Article Link

LSE-listed Petra Diamonds’ total payments to governments for the financial year ended June 30, amounted to $23.1-million.

This is lower than the $25.6-million paid to governments in the 2018 financial year.

Advertisement

Petra paid the South African government about $15.41-million in taxes and royalties for the year under review.

The company owns and operates the Cullinan, Finsch and Koffiefontein mines in South Africa.

Advertisement

Taxes and royalties paid to various entities in Tanzania, where Petra owns the Williamson mine, amounted to $7.7-million.

Recent News

A shift to the later stages of gold and silver bull markets

October 27, 2025 / www.canadianminingreport.com

Gold stocks plunge on metal drop

October 27, 2025 / www.canadianminingreport.com

Gold stocks still up after pullback late in the week

October 20, 2025 / www.canadianminingreport.com

US regional bank slump goes global, driving market into gold

October 20, 2025 / www.canadianminingreport.com

Gold stocks weaker but outperform slump in other sectors

October 13, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok