Petra Production Hit by South Africa Power Woes

By IDEX Online Staff Reporter / December 11, 2019 / www.idexonline.com / Article Link

(IDEX Online) - Production at Petra Diamonds' South African mines has been hit by ongoing rolling power cuts across the country. 

Following a request by Eskom, the South African electricity utility, Petra halted produced, hoisting and processing at the Cullinan, Finsch and Koffiefontein mines on December 9. 

On December 10, Eskom downgraded the situation from the unprecedented Stage 6 load shedding to Stage 4. As a result, Petra restarted its mining operations with a 20-percent load curtailment, in line with requirements.

In an update, Petra said it is used to managing the operations optimally to maintain production levels as much as possible throughout load shedding requests. It said that such measures include bringing forward essential maintenance work and restricting load curtailment to processing plants where possible.

Recent News

Gold miner stock ETFs outpace rest of sector from mid-2024

January 27, 2025 / www.canadianminingreport.com

Gold stocks outpace broader equity gains

January 27, 2025 / www.canadianminingreport.com

Gold stocks rise but lag broader equity gains

January 20, 2025 / www.canadianminingreport.com

Wesdome, Seabridge and Skeena report outstanding drill results

January 20, 2025 / www.canadianminingreport.com

Smaller juniors still financed even in more cautious market

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