Who owns Petra Diamonds?
In June 2012, Petra owns 5 of the world’s most productive mines historically….Petra Diamonds.
| Type | Public |
|---|---|
| Headquarters | Jersey |
| Key people | Peter Hill, Chairman Richard Duffy, CEO |
| Production output | 3,700,000 carats (2016) |
| Revenue | US$430.9 million (2016) |
What happened to Petra Diamonds?
Miner Petra Diamonds (PDL) made it back to positive earnings territory in its 2021 financial year, ending 30 June. This year has represented a turning point for Petra, which diluted its shareholders almost down to zero to deal with a debt crunch, handing the vast majority of the company to creditors.
Where is the Petra mine?
South Africa
Petra has interests in four producing operations: three underground mines in South Africa (Finsch, Cullinan and Koffiefontein) and one open pit mine in Tanzania (Williamson).
Who owns diamond mines in South Africa?
De Beers Consolidated Mines
Ever since the Kimberley diamond strike of 1868, South Africa has been a world leader in diamond production. The primary South African sources of diamonds, including seven large diamond mines around the country, are controlled by the De Beers Consolidated Mines Company.
How many mining companies are there in South Africa?
784 mining companies
With 784 mining companies listed….The mindat.org mining company directory.
| Company | Type | Status |
|---|---|---|
| African Rainbow Minerals | Public limited company | Trading |
| Anglo American plc | Public limited company | Trading |
| AngloGold Ashanti Limited | Public limited company | Trading |
| Aveng | Not known | Unknown |
Is Cullinan mine still operating?
Cullinan contains a world-class gross resource of 149.82 Mcts as at 30 June 2021, which suggests its mine life could be significantly longer than the current mine plan to 2030….Key Facts.
| Location | Gauteng Province, South Africa |
|---|---|
| Depth of current mining | 880m |
| Mine Plan | To 2030 |
| Potential Mine Life | +50 years |
Who owns the largest diamond mine?
Premier Mine
| Location | |
|---|---|
| Opened | 1902 |
| Owner | |
| Company | Petra Diamonds Cullinan Consortium |
Is the Cullinan mine still active?
Cullinan is renowned as a source of large, high-quality gem diamonds, including Type II stones, as well as being the world’s most important source of very rare blue diamonds….Key Facts.
| Location | Gauteng Province, South Africa |
|---|---|
| Depth of current mining | 880m |
| Mine Plan | To 2030 |
| Potential Mine Life | +50 years |
Who owns the biggest diamond mine?
Who owns De Beers?
Anglo American plc
De Beers/Owners
Which mine is the deepest in South Africa?
Mponeng gold mine
The Mponeng gold mine located in the Gauteng province of South Africa, is the deepest operating mine in the world.
How much do mine workers earn in South Africa?
The entire sector made total sales of R458,5 billion in 2016 – earning R698,017 per worker (R58,168) per month. Workers earned a total of R120. 1 billion in salaries in 2016, equating to an average of R262,553 per worker (R21,879 per month).
What kind of business does Petra Diamonds do?
A leading independent diamond mining group and a consistent supplier of gem quality rough diamonds to the international market We focus on the highest margin section of the diamond pipeline – the upstream, involving the mining, processing, sorting and sale of rough diamonds.
When did Petra Diamonds merge with Crown Diamonds?
Petra was given approval to operate the mines under De Beers’ licence and the acquisition completed in May 2010. The Fissure Mines were acquired by Petra when it merged with Crown Diamonds NL in May 2005, introducing producing assets to what had previously been an exploration company.
Where are Petra Diamonds mines located in Africa?
Petra Diamonds’ operations are focused in Africa: Petra Diamonds operates four producing diamond mines in South Africa. These are all underground kimberlite pipe mines (Cullinan, Finsch, Koffiefontein and Kimberley Underground).
When did Petra acquire the Williamson diamond mine?
Petra agreed to acquire the Williamson Mine in Tanzania in September 2008 from De Beers and completed the acquisition in February 2009. The Williamson mine, which was discovered in 1940, has a reputation for the production of large, high value diamonds, with special stones (classified as larger than 10.8 carats (2.16 g)) produced regularly.