Petra Diamonds reports $8.9m in payments to governments

Petra Diamonds published its payments to governments report for the year to 30 June on Thursday, with a total of $8.9m paid to governments under the reporting regulations.

The FTSE 250 firm paid $0.14m in corporate taxes in the Netherlands and $0.24m in Tanzania, while it spent $0.52m on mining and licence fees - also in Tanzania.

Royalties reached $1.47m in South Africa and $3.96m in Tanzania, while infrastructure improvement payments in those two countries were $0.75m and $0.49m respectively.

Other payments - also in South Africa and Tanzania - were $0.67m and $0.63m.

“There were no reportable payments to a government for production entitlements or signature, discovery or production bonuses during the year under review,” Petra’s board confirmed