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Petra Diamonds


No plans for new chairman of Petra

Petra Diamonds has considered the 22.12% vote recorded against the re-election of Adonis Pouroulis as chairman in the context of its 3-year Succession Plan.

Cullinan hits jackpot twice in a row

Petra Diamonds has recovered a 100.83 carat D-Colour Type II gem quality diamond at its Cullinan diamond mine in South Africa.
Cullinan Zest

Cullinan boldly powers into the future

Petra Diamond’s multi-million Rand cash injection into expanding Cullinan has ensured the mine’s lifespan is now estimated to run until at least 2030.
Gem diamonds

Commodity outlook: not so shiny for diamonds anymore

Natural diamond production is on pace to be around 149 million carats in 2018, which compares to approximately 152 million in 2017.
BlueRock Diamonds

Petra Diamonds and BEE partner dispose of Helam Mining

Petra Diamonds has entered into a sale of shares and claims agreement on behalf of both its and its black economic empowerment partners' interest in Helam Mining to Lindleys Mining for a nominal consideration of R200 with immediate effect.

Cullinan Diamond Mine collaborates for safer blasting

Cullinan diamond mine improve safety, efficiency and productivity while reducing mining costs through implementing a centralised blasting system.
Petra Diamonds

South Africa’s mines are capable of concluding successful wage agreements

The National Union of Mineworkers, or NUM, has signed a “substantive” one-year wage agreement with Petra Diamonds’ Cullinan diamond mine.

Petra Diamonds disposes interest in Kimberley Ekapa Mining JV

LSE-listed Petra Diamonds has announced it has entered into a binding agreement with regards to the disposal of the its and its black economic empowerment partners’ 75.9% interest in the KEM JV to its JV partner, Ekapa Mining for a ZAR300 million.

DMR takes first step in legalising zama zamas

The handover tomorrow of two mining permits in Kimberley could be the first sign that the South African government is making illegal mining legal.

Petra Diamonds announces R2.2 billion rights issue to reduce debt levels

The board of Petra Diamonds announced a fully underwritten rights issue to raise gross proceeds of approximately US$178 million.