Since its 1997 AIM debut, Petra transformed from a small explorer to a top diamond miner, now listed on the London Stock Exchange's Main Market. ... initiative at the Koffiefontein mine. 2018. Petra completed a Rights Issue to raise US$178 million. Petra's annual production increased to 4.6 million carats (3.8 million carats excluding KEM JV).
Petra Diamonds announces that the company has entered into a non-binding term sheet on an exclusive basis with an interested party for the potential sale of the Koffiefontein Diamond Mine (Koffiefontein) in South Africa. Petra has been exploring a responsible exit from Koffiefontein since April 2022, with the operation being placed on …
Petra expressed the view in its release to Mining Weekly that it might be feasible for another owner to extend the mine's life. As at 30 June 2021, its gross resource base of 5.25-million carats ...
Petra Diamonds Ltd - diamond mining group focused on southern Africa - Signs non-binding term sheet with an unnamed party for the sale of its Koffiefontein diamond mine in South Africa.
Petra Diamonds Ltd on Monday announced steps to reduce cost and gave an update on the sale of its interest in the Koffiefontein diamond mine in South Africa. …
Petra Diamonds Ltd - diamond mining group focused on southern Africa - Signs non-binding term sheet with an unnamed party for the sale of its Koffiefontein diamond mine in South Africa. The company has been considering an exit from the site since April 2022, and continues to move towards the mine's closure.
Petra has entered into long-term Power Purchase Agreements ( PPA s) for the procurement of wheeled renewable energy for its Cullinan and Finsch Diamond Mines from Etana Energy, a licenced South African energy trader. The PPAs will supply each operation between 36-72% of the expected load requirement from FY2026 onwards through …
We focus on the highest margin section of the diamond pipeline – the upstream, involving the mining, processing, sorting and sale of rough diamonds.
The living, working monument. Premier mine was bought by Petra Diamonds from De Beers in 2008. The mine is located in the Gauteng province of South Africa 40km east of Pretoria in the quaint Edwardian town of Cullinan. Dr Nicolaas Steenkamp and Sharyn Macnamara visited the mine in March 2022. The guided tour pointed out that the …
(IDEX Online) - Petra Diamonds may have found a buyer for the loss-making Koffiefontein mine, in South Africa, that has been on care and maintenance …
The company's preference is to sell Koffiefontein, which had a gross resource base of 5.25 million carats as of June 30, 2021. These resources included 1.11 million carats in the indicated resource category accessible through underground mining. "It may be feasible for another owner to extend the mine's life," Petra said.
December 13, 2023. THE historic Koffiefontein diamond mine in South Africa's Free State province could be granted a new lease on life after owner, the UK-listed Petra Diamonds said it was in negotiations with a potential buyer. Mining was opened at Koffiefontein in 1870. It was sold by De Beers to Petra Diamonds in 2007, but placed on care ...
The most useful review selected by Indeed. It's a fun,productive,safety cultured, employee ownership taking culture and a fun place to work at. Has a high job security when you permanent. I started at petra in 2010 October as an engineering assistant, became instrumentation Apprentices January 2011,trade tested 2012 july and appointed 2012 ...
Petra Diamonds Official. · February 4, 2020 ·. Koffiefontein Diamond Mine has a vacancy for a General Engineering Supervisor (TMM) on Fixed Term Contract. Applications for this position close on 18 …
-- Petra Diamonds flagged Tuesday plans to exit the Koffiefontein diamond mine in South Africa, appointing a manager for the disposal process. Questco Corporate Advisory will look for a buyer for... 015ac961109a737084d.UmJS2-a68euDRrRrnNa3Me-7gv1JxuVai2cQ3NhXckU.KigAsayKhqzTdvkH6bjfS5_r65l-j6Qg_jVRhJU0IRU …
Koffiefontein is one of the world's top diamond mines by average value per carat
April 08, 2024 at 07:08 am EDT. (Alliance News) - Petra Diamonds Ltd on Monday announced steps to reduce cost and gave an update on the sale of its interest in the Koffiefontein diamond mine in South Africa. The diamond mining group with operations in South Africa and Tanzania said it targets cost savings of more than USD30 million per …
This process aims to provide for sustainable operations at Koffiefontein until the end of Petra's mine plan. Given the gross resource base of c. 5.25 million carats as at 30 June 2021, including c. 1.11 million carats in the indicated resource category associated with underground resources, it may be feasible for another owner to extend the ...
Cullinan Mine is Petra's flagship asset and a world-class kimberlite, famous for being home of the largest gem diamond (3,106cts) ever recovered as well as being the world's most important source of blue diamonds. ... Cullinan of US$56.1 million, Koffiefontein of US$6.9 million, Williamson of US$10.2 million, Exploration of US$0.1 million ...
Petra Diamonds Ltd - diamond mining group focused on southern Africa - Signs non-binding term sheet with an unnamed party for the sale of its Koffiefontein …
8 April 2024 LSE: PDL . Petra Diamonds Limited (Petra, the Company or the Group) Cost savings target increased to more than US$30m per annum and entry into definitive transaction agreement for the sale of Koffiefontein. In line with its approach to building business resilience, Petra announces additional steps to reduce costs and provides an …
(Alliance News) - Petra Diamonds Ltd on Monday announced steps to reduce cost and gave an update on the sale of its interest in the Koffiefontein diamond mine in South Africa. The diamond mining group with operations in South Africa and Tanzania said it targets cost savings of more than USD30 million per year.
Petra has operated at Finsch since 2011, applying some of the most up-to-date technology and skill sets to the current infrastructure. In 2023 a new fleet was acquired, managed by a highly capable and motivated team. ... Koffiefontein of US$6.9 million, Williamson of US$10.2 million, Exploration of US$0.1 million and Corporate administration of ...
Petra Diamonds Sets Fresh Cost Targets Amid Slower Market Recovery, Finds Buyer for Koffiefontein Mine. Published: April 8, 2024 at 2:32 a.m. ET. Share. Resize. By Elena Vardon.
Petra has published its 2023 Sustainability Report. Sustainability; Our Sustainability Framework Open submenu for link Our Sustainability Framework. ... Koffiefontein Maths and Science. Published: October 8th 2021. Post navigation. Vision for Change. Koffiefontein Combined School. Our Stories. Image Gallery;
London-listed Africa-focused Petra Diamonds announced on Monday that the historic Koffiefontein diamond mine would be placed on care-and-maintenance. As reported by Mining Weekly in May last year ...
South Africa's Petra Diamonds (LON:PDL) is exploring options to offload its lossmaking Koffiefontein diamond mine in the home country, which is scheduled to …
Petra Diamonds is a leading supplier of gem-quality rough diamonds, mining at four sites across South Africa and Tanzania. ... Koffiefontein; Reserves & Resources; Diamond Sales; Opportunities; The Diamond Market Open submenu for link The Diamond Market "Diamond is the most valuable, not only of precious stones, but of all things in this world ...
Petra has published its 2023 Sustainability Report. Sustainability; Our Sustainability Framework Open submenu for link Our Sustainability Framework. ... Koffiefontein Combined School. Published: October 8th 2021. Post navigation. Koffiefontein Maths and Science. Finsch Waste Water project. Our Stories. Image Gallery;
Credit: Colin Behrens from Pixabay. Petra Diamonds has launched an artisanal small-scale mining (ASM) initiative in the Free State town of Koffiefontein, South Africa. According to Petra, the launch comes after extensive consultation and cooperation with relevant shareholders. The shareholders included the Department of Mineral …
Explore Petra's commitment to safe, efficient operations, sustainable production, and strategic initiatives, including a cash flow improvement case study. ... leverage care and maintenance opportunities from Koffiefontein – Culture reset initiative launched to retain staff: Newly commisioned DD 4221. How we measure our performance. 0 ...
Petra expects this to be issued shortly and BDM will then use the assets acquired from De Beers to operate Koffiefontein. The consideration for the assets is $11.7 million; this consideration is to be settled by BDM assuming De Beers' rehabilitation obligations at Koffiefontein, which amount to $11.4 million, plus the payment in cash by …
April 8, 2024 | Leah Meirovich. Dubai's Stargems Group has acquired its third diamond mine in South Africa, taking over the Koffiefontein deposit from Petra Diamonds. The diamond sourcing and supply company will acquire the mine pending approval from South Africa's Department of Mineral Resources and Energy, Petra said Monday.
Diamond mining uses a highly mechanised method of extraction and with this, we strive on innovation by using the latest techniques and smartest technology to extract some of the world's most precious diamonds. (link to operations pages). Petra has embarked on a focused programme through our Caving school to develop and ensure employees have ...
Petra Diamonds' Koffiefontein operations. Philip Mostert It was Edwin Streeter, a famous London jeweller, who once described the diamonds of the Koffiefontein mine in the Free State as those of the "first water" – an industry term to describe their incredible clarity and lustre. But after 140 years of production, Petra Diamonds has …
Koffiefontein Mine. Koffiefontein is one of the largest kimberlite diamond mines in the world by average value a carat. Discovered in 1870, the underground mine is situated 110km south-east of Kimberley, South Africa. ... The production will be increased from 50,375ctpa in FY 2014 to 100,000ctpa by FY 2017 under Petra's expansion plan ...
In 1994, a 232 carat diamond was recovered at Koffiefontein, being the largest rough diamond ever produced by the mine. FY 2021 production at Koffiefontein totalled 59,151 …
