De Beers Completes Kimberley Sale To Petra

Petra Diamonds Limited completed on Wednesday the purchase of the Kimberley Underground diamond mines in Kimberley, South Africa from De Beers Consolidated Mines Limited (DBCM).

Petra now holds a 74 percent stake in the mine. Its joint venture partner Sedibeng Mining holds the remaining 26 percent.

The agreement was signed in September 2007, however the transaction has taken longer than originally anticipated to complete due to complexities related to the new order mining right. That has now been resolved.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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