With a high growth profile, an industry-leading team and one of the world’s largest diamond resources of over 300 million carats, Petra offers a unique and high quality investment opportunity, providing direct exposure to late cycle diamonds.
Petra’s fast development has established the Company as London’s largest quoted diamond mining group and its exceptional growth profile positions the Group as a unique investment opportunity within the sector.
With plans in place to grow annual production to ca. 5.3 million carats by 2019, Petra is one of the few mid-tier diamond producers to offer a significant and growing production profile. This growth in output places the Company in a strong position to benefit from the positive long-term fundamentals for the diamond industry, where demand is forecast to outpace supply.
Petra’s key competitive strengths are:
The Group has extensive experience operating in Africa, where it has built up an industry-leading team, both in terms of the depth of its skill-set and its experience in the management of diamond mining operations.
Petra has compiled one of the world’s largest diamond resources of over 300 million carats. The careful management of such a large resource will ensure sustainable, long-life mining operations for the Group for many years to come.
The Group’s portfolio encompasses five producing diamond mines and this balance of operations provides flexibility in terms of meeting Group targets and ensures that Petra is not reliant on the performance of any one operation.
All of Petra’s existing kimberlite operations have long histories of production and therefore the geology, mining method and associated geotechnical challenges of each mine are well understood. This knowledge of the deposits enables management to eliminate much of the risk associated with operating a diamond mine.
Over the years, the Group has developed an effective low cost focus well suited to maximising returns from its assets. Integral to this was the development of a comprehensive in-house skills set which enables the Group to carry out a range of activities internally, from plant design and construction, engineering and mine development to marketing and sales.
Petra fosters a culture where management is empowered to make decisions suitable to the relevant operations and where innovation and creativity in the workplace is encouraged and rewarded.