Petra to sell first diamonds from Kimberley Underground in July

Africa-focused Petra Diamonds said on Wednesday that it had completed the acquisition of the Kimberley Underground diamond mines in South Africa from diamond giant De Beers, after complexities relating to a the new-order mining right had been...

Petra sets 2019 production target of 3m carats

Africa-focused diamond-miner Petra Diamonds would expand its production to more than three-million carats a year by 2019, while it remained on track to achieve its targeted output of 1,2-million carats for the 2010 financial year. "Petra has...

Petra’s 2008/9 production increases fivefold to over 1m ct

Africa-focused diamond-miner Petra Diamonds has achieved its stated objective of increasing the company’s yearly production to over one-million carats, with output for the year ended June 2009, recording a five-fold increase over the previous...

Petra intends acquiring 60% of Cullinan diamond mine, changing plant to recover larger stones, producing 
one-million carats

Mid-tier diamond miner Petra Diamonds intends exercising its options to acquire 60% of the celebrated Cullinan diamond mine and is tweaking the plant to recover larger stones, Petra CEO Johan Dippenaar says.

Dippenaar tells Mining Weekly that...

Petra sells Calibrated for R47m to focus on production, exploration

International diamond-miner Petra Diamonds has sold its Calibrated Diamonds Investment Holdings and its associate assets to London-listed Gem Diamonds for R47-million. The disposal followed substantial growth of Petra’s production and revenue...

Petra buys Tanzania’s Williamson mine from De Beers

Aim-listed Petra Diamonds has agreed to buy a 75% stake in Tanzania’s renowned Williamson diamond mine from a wholly owned De Beers Société Anonyme subsidiary, it said on Tuesday. Petra would fund the $10-million acquisition, which was...

Company Announcement: Appointment of Diamond Marketing Manager

Attached please find a press release on: Petra, the international diamond mining group, announces the appointment of Gregory Stephenson as Diamond Marketing Manager. The appointment comes at a time when Petra is rapidly growing its production base...

Gem-miner Petra sees a 'wealth of opportunities' in Africa

Improving conditions in many African countries, such as Angola, the Democratic Republic of Congo and Sierra Leone, are bringing on "a wealth of opportunities" for the diamond mining industry, UK-listed Petra Diamonds said. The midtier...