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1997
Petra listed on AIM with a market capitalisation of <£10 million. |
1998
Petra made new kimberlite discoveries in Angola – over the coming years, a sizeable kimberlite field was identified at Alto Cuilo. |
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2004
Petra entered into a joint venture with BHP Billiton to continue exploration at Petra’s Angolan projects. |
2005
Petra merged with ASX-quoted Crown Diamonds, introducing three producing diamond mines to the Group (the Fissure mines: Helam, Sedibeng and Star). Petra acquired Kalahari Diamonds (exploration arm in Botswana). |
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2007
Petra acquired the Koffiefontein mine in South Africa. |
2008
Petra acquired an initial 37% interest in the Cullinan mine in South Africa. Petra acquired the Williamson mine in Tanzania. Petra withdrew from exploration activities in Angola further to the global economic downturn and a strategic decision to focus on cash generative production. |
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2009
Petra raised US$120 million via an equity fundraising – the new funds enabled Petra to increase its ownership in Cullinan to 74%. |
2010
Petra’s annual production rose to over 1 million carats. Petra acquired the Kimberley Underground mine in South Africa. |
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2011
Petra raised US$325 million via an equity fundraising. The majority of the funds raised were used to acquire the Finsch mine in South Africa. Petra stepped up from AIM to the Main Market of the London Stock Exchange. |
2012
Petra’s production doubled to 2.2 million carats. The Company commenced a process to sell the fissure mines, which are no longer core to the Group’s portfolio. |
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