(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.
Stargems Group, based in Dubai, has acquired the Koffiefontein diamond mine in South Africa from Petra Diamonds, marking its third such acquisition in the country
Petra Diamonds is currently aligning its organisational structure to the operational model therefore all job titles and job profiles are under review. This may influence the grading of the position. Petra Diamonds is an equal opportunity employer. Preference will be given to suitable candidates from the designated groups in line with the ...
After entering into a sales process for the Koffiefontein diamond mine, in South Africa's Free State province, London-listed Petra Diamonds is on track to deliver $75-million of cash savings in ...
Petra Diamonds. Media; Careers; Contact Us; About Us Open submenu for link About Us. Responsibly sourcing some of the world's rarest and most precious gems. ... leverage care and maintenance opportunities from Koffiefontein – Culture reset initiative launched to retain staff: Newly commisioned DD 4221. How we measure our performance ...
London-listed Petra Diamonds has entered into a nonbinding term sheet on an exclusive basis with an undisclosed interested party for the potential sale of the Koffiefontein diamond mine, in South ...
Access Petra Diamonds' latest reports, ethical code, ESG policies, memberships, and privacy details. Learn about our sustainable practices and commitments. ... Koffiefontein – Social and Labour Plan – English Modern Slavery Act and Transparency Statement ...
The mine is a joint-ownership between Re-Teng Diamonds (30%) and Petra Diamonds (70%). It is operated solely by Petra Diamonds, who acquired the mine from De Beers in 2007 for R81.9m. Based on its current resources, the mine has an estimated life of more than 20 years. ... Koffiefontein diamond mine history. The …
Diamond company Petra is exploring a responsible exit from its investment in the Koffiefontein diamond mining operations. The exit would be carried out together with its black economic empowerment ...
Independent diamond miner Petra Diamonds' sixth tender cycle for the 2024 financial year yielded $44-million from the sale of 371 000 ct. CEO Richard Duffy says like-for-like prices were ...
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 …
Appointment date: January 2019 and as Chair in November 2023 Skills & Experience: Varda is a Non-Executive Director, executive coach (Meryck & Co since 2014) and expert adviser in the diamond industry. A 30-year career with De Beers culminated in her appointment as CEO of De Beers Trading Company (a mid-stream business with a …
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 …
Petra acquired a majority interest in the Koffiefontein mine in South Africa. 2005. Petra merged with ASX-quoted Crown Diamonds, introducing three producing diamond mines to the Group (the Fissure mines: Helam, Sedibeng and Star). ... Helam, Sedibeng and Star). Petra acquired Kalahari Diamonds (exploration arm in Botswana). 2004. Petra entered ...
Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The Company's portfolio incorporates interests in three underground mines in South Africa ( Cullinan Mine, Finsch and Koffiefontein) and one open pit mine in Tanzania (Williamson).
Petra Diamonds is a leading supplier of gem-quality rough diamonds, mining at four sites across South Africa and Tanzania.
PETRA Diamonds will exit its investment in its Koffiefontein mine either through a trade sale or by exhausting the mine's mineral resources which in Petra's books is expected by 2025.. In the meantime, Petra will cut the mine's employee numbers following a business re-engineering programme (BRE). A Section 189A process in terms …
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.
The Koffiefontein mine's journey towards this point began in April 2022 when Petra Diamonds started exploring options to offload the mine. The operation, which is expected to reach its life end in 2025, was placed under care and maintenance in November 2022.
Koffiefontein; Reserves & Resources; Diamond Sales; Opportunities; ... Petra Diamonds Limited One Heddon Street London W1B 4BD United Kingdom. Tel: +44 20 7494 8203 Email: investorrelations@petradiamonds. South African Office. Physical Address: Silver Point Office Park, Block 3,
The South African diamond producer is exploring options to offload its loss-making Koffiefontein mine, which is scheduled to reach the end of its life in 2025. The …
The Koffiefontein diamond mine in South Africa. ... Petra Diamonds put itself up for sale in 2020, but reversed the decision later, opting instead for a debt-for-equity restructuring.
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 and …
Koffiefontein; Williamson; Diamond Sales. Tender Dates; Reserves & Resources; Our Industry. Industry Overview. Facts & Figures; A History of Diamond Mining; ... See what our employees say about working at Petra Diamonds. Read case studies here. H1 FY 2022 Trading Update. Petra released its H1 FY 2022 Trading Update on 18 …
(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 since November 2022. The UK-based miner says it has has entered into a non-binding term sheet on an exclusive basis with an unnamed interested party.
Koffiefontein Diamond Mine has a vacancy for a General Engineering Supervisor (TMM) on Fixed Term Contract. Applications for this position close on 18 February 2020. For more information on this...
Petra Diamonds recently made headlines with the sale of an exceptional US$8.2 million blue diamond, propelling its fifth tender of FY 2024 to new heights. ... and highlighted the successful commissioning of production tunnels at the Finsch mine and the sale of the Koffiefontein mine to Stargems, based in Dubai. These initiatives …
Petra announced the recovery of five blue diamonds of high quality and clarity at the Cullinan Mine in September 2020. The diamonds are also significant in terms of their size, being 25.75, 21.25, 17.57, 11.42 and 9.61 carats, and are assessed to be individual stones and not originally part of one larger diamond.
(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 …
Petra Diamonds is exploring options for exiting its Koffiefontein mine in South Africa, noting that another company could extend the site's operations beyond the scheduled closure date of 2025.The deposit has an estimated resource of approximately 5.25 million carats remaining, 1.1 million of...
In a significant turn of events, Petra Diamonds (LON:PDL), a prominent player in the South African diamond mining industry, has announced its intention to sell …
Total depreciation of US$106.7 million included in the segmental result comprises depreciation incurred at Finsch of US$32.7 million, Cullinan of US$56.1 million, Koffiefontein of US$6.9 million, Williamson of US$10.2 million, Exploration of US$0.1 million and Corporate administration of US$0.7 million.
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 ...
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...
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...
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. Hoppa till huvudinnehåll Home; Advertise; International news within the industry of mining and metal, Jul, 14 2024 ...
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 update of …
Petra Diamonds has entered into an agreement to sell its Koffiefontein mine in South Africa after trying to offload it for nearly two years. The company will need to agree to terms with the purchaser and will then require approval from the country's Department of Mineral Resources and Energy (DMRE) before a sale can take place, …
Koffiefontein. Williamson. Williamson. Williamson is Tanzania's only significant diamond producer and is based upon the 146 hectare Mwadui kimberlite pipe. ... Acquisition by Petra Diamonds: February 2009: Acquisition cost: US$10m: Ownership: Petra Diamonds: 75% Government of the United Republic of Tanzania: 25%: Total Resources