Petra Diamonds production surges, prices rise

Africa-focused Petra Diamonds' quarterly production more than doubled as output from its Finsch mine in South Africa was taken into account for the first time, and the miner said prices for rough diamonds rose. Petra Diamonds, which operates...

20/04/2012 (On-The-Air)

South Africans are spearheading a new mining thrust in bauxite-rich West Africa; Gold is supplying a missing piece in South Africa’s quest to regrow its industrialisation base; and Eskom intends taking the power of the sun to a new level in...

Koffiefontein mine, South Africa

A Petra Diamonds-owned mine, situated in the Northern Cape.

Diamond demand overtaking diamond supply

Demand for diamonds is overtaking supply, as the number of low-grade orebodies increase, and diamond-mining group Petra Diamonds CEO Johan Dippenaar believes that, as a result, supply will become more difficult to maintain at historic volumes.

Association under way with multimillion-rand expansion

National Occupational Safety Association's (Nosa's) mining division has a multimillion-rand expansion project under way, entailing further enhancement of its auditing, consulting and training services.

Petra buying De Beers Finsch diamond mine for R1,4b, TWP sourcing outside of ‘expensive’ South Africa, US Ex-Im Bank urged to end its 'fossil-fuel binge’

The London Aim-listed Petra Diamonds is buying yet another De Beers’ diamond mine, this time the automated Finsch. Mining and minerals project house TWP is looking closely at procuring goods and services from countries that “have a more...

Now Petra nabs Finsch diamond mine for R1,4bn, De Beers' Namaqua still in play

The London Aim-listed Petra Diamonds is buying Finsch diamond mine from De Beers for R1,4-billion ($210-million) in cash. De Beers' less attractive suspended Namaqualand alluvial operation, which was put on the market at the same time as Finsch,...

01/10/2010 (On-The-Air)

Bafokeng community are listing their very own platinum company on the JSE; De Beers is to sell off another two of its South African diamond mines and Mining has a major role to play to grow South Africa's economy, says global company Xstrata.

De Beers mulling offers for troubled Namaqua, Finsch

Diamond-miner De Beers said on Thursday that it had received approaches from potential investors interested in buying the company's troubled Namaqualand and Finsch diamond mines in the Northern Cape. De Beers, whose CEO Gareth Penny is stepping...

Stellar acquires Petra’s stake in Sierra Leone 
diamond project to become sole owner

Aim-listed diamond mining major Stellar, which is mainly West Africa focused, has reached agreement with fellow diamond mining company Petra Diamonds to acquire Petra’s interest in the Kono kimberlite project in diamond rich Sierra Leone.

Petra sells 168ct white diamond for $6,28m

JSE-and LSE-listed Petra Diamonds has sold a 168ct white diamond, recently recovered at its Cullinan mine, in South Africa, for $6,28-million, it announced on Friday. This amounted to about $37 380/ct.

Strike at Petra Diamonds’ Sedibeng mine in second week

Diamond producer Petra Diamonds on Wednesday reported that the strike at its Sedibeng operations, near Kimberley in South Africa, was still continuing. Petra Diamonds spokesperson James Duncan said that the company was in discussions with unions.