We believe that Earth’s rare and precious legacy can, through responsible mining, create abundant outcomes for our people, communities, investors, customers and all other stakeholders in giving expression to life’s special moments.
Our significant resource base supports extension opportunities well beyond current mine plans, with further potential to mine ore at depth
Cullinan Mine is a world class asset which produces some of the world’s most iconic diamonds
Clients increasingly interested in provenance and Petra’s goods are considered a brand
Debt and interest payment optimisation is a priority
Repurchased US$5m of 2026 2L Notes in FY 2024
Capital allocation policy which balances the profitability and growth of the Company with broader stakeholder returns
Smoothed capital profile of ca. US$100m p.a.
Reset cost base by US$44m p.a.
Our aim is to be cash generative from FY 2025 through market and price cycles and to deleverage below 1.5x Net Debt:EBITDA
US$76m capex savings and
deferrals in FY 2024
Projects self-funded until at
least the early 2030s
Stabilising operations to deliver reliable production
People
Safety is our number one priority
Planet
2030 GHG emissions reductions target for Scope 1 and 2 emissions of 35-40%
Partnerships
100% of procurement spend with local suppliers in South Africa; and Tanzania
Production
Operating Model focused on cash generation
