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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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Delivering Reliable Production

Explore Petra's commitment to safe, efficient operations, sustainable production, and strategic initiatives, including a cash flow improvement case study.

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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. Skip to main content. Search Submit search. Petra Diamonds. Media; Careers; Contact Us; About Us Open …

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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 Finalizes Koffiefontein Mine Sale to Stargems

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.

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Historic Koffiefontein diamond mine to be placed on care …

London-listed Africa-focused Petra Diamonds announced on Monday that the historic Koffiefontein diamond mine would be placed on care-and-maintenance. As reported by Mining Weekly in May last year ...

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Reserves & Resources

Dive into Petra Diamonds' vast resources of 223 million carats and 26.6 million carat reserves, with this page highlighting key facts, gross resources, and a summary table. ... Petra completed the sale of its interest in Koffiefontein to Stargems Group in October 2024. As a result, all resources and reserves attributable to Koffiefontein are no ...

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Petra's Sale of Koffiefontein Diamond Mine …

Last week, the London-based mining company announced that it had been granted consent under section 11 of South Africa's Mineral and Petroleum Resources Development Act to sell the mine to Koffiefontein …

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Koffiefontein diamond mine's arduous 140-year journey …

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 ...

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Petra Diamonds Nears Finalization of Koffiefontein Mine Sale …

Petra Diamonds is set to finalize the sale of its Koffiefontein mine to the Stargems Group by the end of October 2024, following approval from South Africa's Department of …

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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 …

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Koffiefontein Maths and Science

The Diamond Market Open submenu for link The Diamond Market "Diamond is the most valuable, not only of precious stones, but of all things in this world" - Pliny, 1AD The Diamond Market

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Petra Diamonds

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 ...

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Petra Diamonds

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 …

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Petra Diamonds closing the sale of Koffiefontein

Further to the announcement made on 8 April 2024, Petra is pleased to announce that unconditional consent in terms of section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002 has been granted for the sale of the entire issued share capital of Blue Diamond Mines (Pty) Ltd to Koffiefontein Holdings (Pty) Ltd, an affiliate ...

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Petra Diamonds Ltd

Petra Diamonds Limited (Petra or the Company). Section 11 consent granted for the sale of Koffiefontein Further to the announcement made on 8 April 2024, Petra is pleased to announce that unconditional consent in terms of section 11 of the Mineral and Petroleum Resources Development Act, No. 28 of 2002 has been granted for the sale of the entire issued …

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Williamson ♦ Petra Diamonds

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 …

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Petra says buyer may save SA's historic …

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 …

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Our Operations

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 …

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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 …

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Petra Diamonds Secures Approval for Koffiefontein Mine Sale

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.

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Results & Reports

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

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Petra Diamonds Nears Finalization of Koffiefontein Mine …

Petra Diamonds is on track to complete the sale of its Koffiefontein mine to Stargems Group by the end of October 2024, following approval from South Africa's Department of Mineral and Petroleum Resources ... 11 of South Africa's Mineral and Petroleum Resources Development Act, the Stargems Group will now take control of the Koffiefontein ...

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FROM LEGACY TO LIBERATION

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.

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Koffiefontein Mine Sold to Stargems | The Diamond Loupe

The company got approval from South Africa's Department of Mineral and Petroleum Resources to sell its share in Blue Diamond Mines to Koffiefontein Holdings, an …

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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 maintenance by Petra in late 2022.

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Petra Diamonds | Home

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.

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Contact Us

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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Opportunities

Petra Diamonds targets value-rich diamond mining in Africa, emphasising near-production orebodies and corporate deals, with a skilled team optimising operations.

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Results & Reports

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