A preliminary economic assessment (PEA) of the Ekati mine in Canada's Northwest Territories has the iconic diamond operation staying open seven more years.
President John Magufuli has asked for a review of a local contract belonging to Petra Diamonds and ordered senior officials to resign over the outcome of a probe into the diamond and tanzanite sector.
The world’s largest rough diamond producer by value reported provisional revenue of $505 million compared with $639 million in the same period a year earlier.
An independent audit will be conducted to make an overall assessment of all decisions and actions at the design, construction and operation stages of Mir underground mine.