trending Market Intelligence /marketintelligence/en/news-insights/trending/vX8OT6l3ZdyCbiUblOZ36g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Petra Diamonds to halt operations at 3 mines due to South Africa power emergency

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019

Petra Diamonds to halt operations at 3 mines due to South Africa power emergency

Petra Diamonds Ltd. said Dec. 9 that it is stopping operations at its Cullinan, Finsch, and Koffiefontein mines in South Africa due to a power system emergency declared by electricity public utility Eskom, and an unprecedented stage 6 load shedding after a technical fault at the Medupi Power Station.

Load shedding is a controlled measure to ensure that the national power grid remains stable to avoid a total countrywide blackout, according to Eskom. Stage 6 load shedding means 6,000 MW will be shed.

Petra said production, hoisting and processing at the mines have stopped with immediate effect. The company is now removing all people from underground, except those required for essential services, with only pumping to prevent flooding and ventilation for safety being allowed.