Production
- 74% interest; BEE partners hold 26% through Thembinkosi Mining Investments (14%) and a Petra employee share trust (12%); purchase completed July 2008
- Second largest diamond resource in the world by in-situ value at 204.6 million carats (includes tailings)
- Source of spectacular diamonds, including the Cullinan, the world’s largest ever found at 3,106 carats, a quarter of all the world’s diamonds over 400 carats in size, and highly prized blue diamonds
- Development plan in place to lift production from 1 million carats per annum to 2.6 million carats per annum by 2019
- Sale of a 39.19 carat blue diamond in October 2008 for US$8.8 million
- Sale of a 7.03 carat, internally flawless, fancy vivid blue diamond (cut from a 26.58 carat rough) in May 2009 for US$9.4m, achieving US$1.34m per carat
- Sale of 507 carat Cullinan Heritage diamond for US$35.3m in February 2010, the highest price on record for a rough diamond
- 70% interest held; BEE partners Re-Teng Diamonds holds 30%
- Purchase completed in July 2007
- Positive economic turnaround achieved in Petra’s hands
- Now one of the world’s top kimberlite mines by average value per carat with US$402 achieved for FY 2010
- FY 10: annual production of 60,260 carats; expected to grow significantly to 100,000 carats by 2017
- Acquisition agreed September 2007 and completed May 2010
- Stockpile of 500,000 tonnes (~90,000 carats) built up during care & maintenance period – recoveries have now commenced
- Initial production of 100,000 carats in FY 2011, rising to 180,000 carats pa following commissioning of Wesselton plant by June 2011
- Comprises the Helam, Sedibeng and Star mines
- Petra has a 74.5% interest in Sedibeng, a 74% interest in Star and a 100% interest in Helam
- 74,232 carats produced in the 2010 financial year
- Average value achieved of US$185 per carat for the 2010 financial year
- 75% interest held, Government of United Republic of Tanzania holds remaining 25%
- Purchase effective November 2008
- Renowned for producing large, high value diamonds and fancy pink diamonds
- Open pit operation mining the 146 hectare Mwadui kimberlite pipe
- Major resource of approximately 40 million carats
- Three year expansion plan will deliver production of 600,000 carats per annum
