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January 30, 2009
Petra intends acquiring 60% of Cullinan diamond mine, changing plant to recover larger stones, producing one-million carats
Midtier diamond-miner Petra Dia-monds intends exercising its options to acquire 60% of the celebrated Cullinan diamond mine and is tweaking the plant to recover larger stones, Petra CEO Johan Dippenaar says.
Dippenaar tells Mining Weekly that Petra, now the largest diamond company on London's Aim with aspirations to graduate to the main board of the London Stock Exchange (LSE), has options to 'claw back' up to 60% of the shares of the consortium that owns the Cullinan mine, "which we certainly intend to do over time".
Posted by StaffWriter at January 30, 2009 8:42 AM