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
- Recovery of an exceptional 507 carat white diamond in September 2009
- 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
- FY 09: annual production of 52,089 carats; expected to grow significantly to 100,000 carts by 2017
- Acquisition expected to complete soon, currently operated by Petra on care and maintenance
- Diamond recoveries to commence in 2010 once acquisition completes
- Initial production of 100,000 carats per annum with value per carat anticipated between US$170 – US$200 per carat
- Comprises the Helam, Sedibeng and Star mines
- Petra has a 74.5% interest in Sedibeng and a 100% interest in both Helam and Star.
- 71,274 carats produced in the 2009 financial year
- Average value achieved of US$186 per carat for the 2009 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
