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Petra anticipates closing this transaction and effecting a smooth handover before the end of October 2024. As a result of this transaction, Petra will avoid incurring closure …
The miner has received regulatory approval to sell its entire shareholding in Blue Diamond Mines to Koffiefontein Holdings, an affiliate of Dubai-based diamond manufacturer Stargems Group, it said Monday.
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 maintenance by Petra in late 2022.
Petra Diamonds has received the green light from the South African government to proceed with the sale of its Koffiefontein mine. The Department of Mineral and Petroleum Resources (DMPR) has granted unconditional consent for the transfer of ownership to Koffiefontein Holdings (Pty) Ltd, an affiliate of the Stargems Group.
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 …
PLEASE NOTE: 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 advertised positions. ... Koffiefontein Diamond Mine is based in the town of Koffiefontein, located 100km from Kimberley and 136km from Bloemfontein ...
Petra's diamonds have a unique provenance in that they are sourced from some of the most culturally significant diamond mines in the world. The names Cullinan, Finsch, Koffiefontein and Williamson all have rich histories associated with them, as over time they have produced many of the world's most spectacular and celebrated diamonds. ...
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
Reviews from Petra Diamonds employees about Petra Diamonds culture, salaries, benefits, work-life balance, management, job security, ... fitter artisan (Former Employee) - Koffiefontein, Free State - 21 January 2021. I enjoyed working at Petra, but the only problem was that I was not permanent. Was on contract. It later came known to me that my
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, 22 Ealing Crescent, Bryanston, 2021, Johannesburg, South Africa. Postal Address: P.O. Box 71007 Bryanston
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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 …
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 carats. Key Facts
Petra Diamonds' Koffiefontein operations. Philip Mostert Read this for free South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news ...
Negatively impacted by the 71,654 carat parcel blocked for export. Total depreciation of US$128.0 million included in the segmental result comprises depreciation incurred at Finsch US$41.7 million, Cullinan US$66.1 million, Koffiefontein US$9.1 million, Williamson US$9.5 million, Helam US$0.7 million, Exploration US$0.1 million and Corporate administration …
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 January 2022.
Many of De Beers historic concessions were purchased by what currently is the country's other major producer, Petra Diamonds, which also is active in Botswana, Angola and Tanzania. In 2007 Petra acquired a majority interest in the Koffiefontein mine, and in 2007 a 37 percent interest in Cullinan, which was increased to 74 percent in 2009.
Petra Diamonds | 83,235 followers on LinkedIn. Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market. The ...
The Oppenheimer Blue – Cullinan Mine. The 14.62 carat Oppenheimer Blue is the largest fancy vivid blue diamond ever sold at auction. Named for, Sir Philip Oppenheimer of the De Beers family, the stone's previous owner, the Oppenheimer Blue was sold at auction for US$57.5 million (US$3,935,826 per carat) in May 2016, making it, at the time, the most expensive diamond …
The applicant must meet the minimum requirements as set out by Petra Diamonds below. Interested applicants should register on-line (on the Career Wise website) by clicking here. Careerwise will receive, scan and shortlist all applications. The final selection is made by Petra Diamonds. Contact details at Career Wise are: Telephone: 086 100 7787
Skills & Experience: Juan has nearly 30 years' experience, with a depth of knowledge of both the Koffiefontein Mine (having worked in a broad spectrum of operational roles before becoming Plant Manager under De Beers' tenure), as …
South Africa's Petra Diamonds (LON:PDL) said on Wednesday it had signed a non-binding deal with an unnamed party for the sale of its loss-making Koffiefontein diamond mine in the home country.
Explore Petra's commitment to safe, efficient operations, sustainable production, and strategic initiatives, including a cash flow improvement case study.
We acknowledge the global threat of climate change and continually explore initiatives to reduce our carbon footprint. Petra has entered into long-term Power Purchase Agreements (PPAs) 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 …
This 12-carat, internally flawless, fancy, vivid Blue Moon diamond was cut from the 29.6 carat rough stone discovered at Petra's Cullinan mine in January 2014. Read more about our Diamond Heritage 2021 Sustainability report
Petra Diamonds | 79,164 followers on LinkedIn. Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market. The Company has a diversified portfolio incorporating interests in three underground producing mines in South Africa (Finsch, Cullinan and Koffiefontein) and one …
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 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 …