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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 ...

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Petra Finds Possible Buyer for Koffiefontein

(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.

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Petra Diamonds seeks buyer for lossmaking Koffiefontein …

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 …

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Petra Diamonds inks deal to sell idled Koffiefontein mine

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.

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Petra announces potential sale of Koffiefontein

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 ...

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Petra on track to deliver significant cost savings, mulls …

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 ...

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Stargems Group acquires the Koffiefontein diamond mine …

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

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Petra Finds Possible Buyer for Koffiefontein

(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 …

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Cullinan Mine

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.

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Our Heritage

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.

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Petra Finds Potential Buyer for Shuttered Mine

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, …

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Our Stories ♦ Petra Diamonds

We focus on the highest margin section of the diamond pipeline – the upstream, involving the mining, processing, sorting and sale of rough diamonds. Our Business Our Operations Open submenu for link Our Operations

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Diamonds

Petra Diamonds Limited, the AIM-quoted diamond miner, announced that it and its wholly owned subsidiary, Blue Diamond Mines (Pty) Limited (BDM,) have entered into a conditional agreement with De Beers Consolidated Mines Limited to acquire the mining and associated capital assets previously used by De Beers in the operation of …

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Petra Diamonds signs non-binding deal to sell idled …

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 …

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Home ♦ Petra Diamonds

Petra Diamonds is a leading supplier of gem-quality rough diamonds, mining at four sites across South Africa and Tanzania.

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Koffiefontein Mine

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 …

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Petra Diamonds signs deal for sale of Koffiefontein mine

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...

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Koffiefontein Diamond Mine has a...

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...

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Petra says buyer may save SA's historic Koffiefontein mine

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 …

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Our History

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 ...

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Petra Diamonds signs deal to sell Koffiefontein; targets …

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...

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Petra Diamonds Moves to Sell Koffiefontein Mine Amid …

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.

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Petra Diamonds Moves to Sell Koffiefontein Mine Amid …

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 …

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Petra Diamonds exploring responsible Koffiefontein exit

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 ...

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Petra Finds Potential Buyer for Shuttered Mine

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 …

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Petra Diamonds signs non-binding deal to sell idled Koffiefontein …

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 ...

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Results & Reports

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 ...

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Finsch

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.

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Petra Diamonds Soars with $8.2m Blue Diamond Sale

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 …

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Our Leadership

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 …

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Stargems Takes Koffiefontein Mine off Petra's Hands

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 …

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Petra weathers lower diamond prices in latest tender

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 ...

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Petra Diamonds inks deal to sell idled Koffiefontein mine

The diamond miner has signed a non-binding deal with an unnamed party for the potential sale of its loss-making Koffiefontein mine, which was placed on care …

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Petra Diamonds mulls sale of loss-making Koffiefontein mine

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 …

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Diamonds

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...

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Contact Us

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,

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Petra says buyer may save SA's historic Koffiefontein mine

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 …

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Policy and Document Library

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 ...

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Petra Diamonds signs deal to sell Koffiefontein;.

(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.

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