LONDON: Petra Diamonds Limited (LSE: PDL) has entered into an agreement to sell its entire shareholding in the entity that holds its interest in Williamson Diamonds Limited (WDL) to Pink Diamonds Investments Limited for up to $16 million. Transaction Highlights: – The sale includes Petra’s entire shareholding in the entity holding its WDL interest and…
Tag: Petra Diamonds
Petra Diamonds may sell Koffiefontein Diamond Mine in South Africa
LONDON, UK: Petra Diamonds has entered into a non-binding term sheet on an exclusive basis with an interested party for the potential sale of the Koffiefontein Diamond Mine in South Africa. Petra has been exploring a responsible exit from Koffiefontein since April 2022, with the operation being placed on care and maintenance in November 2022. …
Petra Diamonds launches Artisanal small scale mining initiative in Koffiefontein
LONDON: Petra Diamonds Limited, a leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market, has announces the launch of an Artisanal Small Scale Mining (ASM) initiative in the Free State town of Koffiefontein in South Africa. This follows a process of extensive consultation and cooperation with…