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Finsch Mine

Finsch Mine is an underground diamond mine located in the Northern Cape province of South Africa, approximately 150 km north-west of Kimberley. The mine is operated by Petra Diamonds and represents one of the company's key producing assets in the country. Finsch extracts diamonds from kimberlite ore through block-cave mining methods, having transitioned from open-pit operations to underground extraction as the deposit deepened. The mine produces a range of diamond sizes and qualities, contributing significantly to South Africa's diamond output. Finsch has an estimated life-of-mine extending several decades, supported by ongoing investment in infrastructure and mining equipment. The operation employs several hundred people and plays an important role in the regional economy of the Northern Cape. Petra Diamonds acquired Finsch as part of its portfolio of South African diamond assets and has invested in modernising the mine's processing plant and underground development. The mine was commissioned in 1967 and has produced millions of carats over its operational history, establishing itself as one of the country's long-standing diamond producers.

Finsch Mine News


Petra's Finsch mine
Petra to assess possible asset sale as part of strategic review
1st October 2026 By: Creamer Media Reporter

London-listed Petra Diamonds has, following consultation with certain key stakeholders, including its first and second lien creditors, decided to undertake a strategic review, which will include... 


The Cullinan diamond mine
Petra notes constrained revenue generation as corporate restructuring continues
28th July 2026 By: Lumkile Nkomfe

London-listed Petra Diamonds has reported that its revenue for the fourth quarter of the 2026 financial year amounted to $38-million, marking a sharp decline from the $68-million in the third... 


De Beers CEO Al Cook
De Beers to pause Venetia production amid portfolio, organisational changes
13th July 2026 By: Sabrina Jardim

Diamond miner De Beers Group has, consistent with recent actions to improve business resilience, decided to pause production at its Venetia mine, in South Africa, for two years to reduce costs... 


An image of the Cullinan diamond mine
NUM warns of 1 700 job loss risk as Petra’s mines enter business rescue
15th June 2026 By: Tasneem Bulbulia

Trade union the National Union of Mineworkers (NUM) has condemned the decision by London-listed Petra Diamonds to place the Finch diamond mine in Kimberley under business rescue and to issue a... 


The Finsch mine
BRPs take custodianship of Petra's Finsch mine
10th June 2026 By: Creamer Media Reporter

Business rescue practitioners (BRPs) Daniel Theodorus van Jaarsveld and Luke Bernard Saffy have taken over the custodianship of London-listed Petra Diamonds' Finsch mine, in South Africa, and will... 


The Finsch diamond mine
Petra places Finsch mine in business rescue, takes further steps to cut costs
29th May 2026 By: Creamer Media Reporter

Amid continued weakness in the diamond market, London-listed Petra Diamonds has decided to place its Finsch mine, in South Africa, in business rescue in order to protect the overall business. CEO... 


Petra Diamonds joint CEOs Juan Kemp and Vivek Gadodia
Petra revises pricing assumptions amid Middle East conflict
1st April 2026 By: Sabrina Jardim

London-listed Petra Diamonds sold 781 797 ct of diamonds during the quarter ended March 31 – the third quarter of its 2026 financial year. Revenue for the quarter was $68-million, compared with... 


Petra Diamonds joint CEOs Juan Kemp and Vivek Gadodia
Petra announces permanent appointment of joint CEOs, director changes
28th November 2025 By: Marleny Arnoldi

London-listed Petra Diamonds has announced a series of board appointments following its AGM on November 27, including that of Vivek Gadodia and Juan Kemp as permanent joint CEOs of the company.... 


Petra's Cullinan diamond mine
Petra achieves solid first-quarter performance
29th October 2025 By: Creamer Media Reporter

London-listed Petra Diamonds, which owns and operates the Cullinan and Finsch mines, in South Africa, produced 609 336 ct of diamonds in the quarter ended September 30 – the first quarter of its... 


Ukwazi
Advisory company establishes local massive mining centre of excellence for EMEA region
26th September 2025

My first exposure to underground mining was in the early 1990’s at Thabazimbi iron-ore sublevel cave section. It was hard not to be fascinated by the three-dimensional labyrinth of tunnels filled... 


Finsch mine
Petra announces notes, debt refinancing and lower yearly revenue
8th August 2025 By: Marleny Arnoldi

London-listed Petra Diamonds has advised of a refinancing endeavour it aims to have completed before the end of the year. The company has, over the past 18 months, been focused on internal... 


The Cullinan mine
Petra reports lower sales for Tenders 5 and 6
9th June 2025 By: Creamer Media Reporter

London-listed Petra Diamonds sold 613 682 ct of diamonds for $53-million during its combined Tender 5 and 6 sales cycle, taking year-to-date revenues to $239-million from the sale of 2.39-million... 


Petra hands over to Tanzania's Pink Diamonds Investments.
Tanzania’s Williamson Diamonds now wholly owned by Pink Diamonds Investments as Petra sells stake
30th May 2025 By: Martin Creamer

London-listed and South Africa-active Petra Diamonds has sold its entire shareholding in Williamson Diamonds of Tanzania, plus all shareholder loans owed to it, to Pink Diamonds Investments, also... 


An image of the Finsch mine
Petra progresses operational delivery in third quarter, including labour reduction
22nd May 2025 By: Tasneem Bulbulia

London-listed miner Petra Diamonds says the third quarter of its 2025 financial year marked another period of steady operational delivery across the group, with it continuing to execute on its... 


Petra hands over to Tanzania's Pink Diamonds Investments.
Tanzania’s Williamson Diamonds goes totally Pink
15th May 2025 By: Martin Creamer

London-listed and South Africa-active Petra Diamonds has sold its entire shareholding in Williamson Diamonds of Tanzania, plus all shareholder loans owed to it, to Pink Diamonds Investments, also... 


232 ct rough diamond
Petra withholds Cullinan diamonds tender as US tariffs create market uncertainty
9th April 2025 By: Marleny Arnoldi

London-listed Petra Diamonds has postponed its tender five sales of about 200 000 ct of diamonds recovered at the Cullinan mine, in South Africa, until there is greater clarity on the impact of... 


Petra Diamonds' Finsch mine
Duffy resigns as Petra CEO, interim revenue knocked by market weakness
17th February 2025 By: Marleny Arnoldi

Independent mining group Petra Diamonds, which owns and operates diamonds mines in South Africa, has appointed two interim CEOs Vivek Gadodia and Juan Kemp to succeed Richard Duffy, who has... 


Tanzania's pink carats being acquired by Tanzania's Pink Diamonds.
Petra’s entire interest in Williamson headed for Tanzania’s Pink Diamonds
7th February 2025 By: Martin Creamer

An agreement has been entered into for the outright sale of Williamson Diamonds Limited, Petra Diamonds announced on Wednesday. The London-listed and South Africa-active Petra is taking steps to... 


Tanzania's pink carats being acquired by Tanzania's Pink Diamonds.
Petra's entire interest in Williamson headed for Tanzania's Pink Diamonds
22nd January 2025 By: Martin Creamer

An agreement has been entered into for the outright sale of Williamson Diamonds Limited, Petra Diamonds announced on Wednesday. The London-listed and South Africa-active Petra is taking steps to... 


The Cullinan Mine
Petra lowers price projections, starts retrenchment process
20th December 2024 By: Creamer Media Reporter

Amid continued weakness in the global diamond industry, London-listed Petra Diamonds has lowered its price expectations for 2025 and initiated a Section 189 retrenchment process affecting the group... 


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pqt: 0.076s - ct: 0.126s - 277pq - 2rq
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