https://www.engineeringnews.co.za

Petra signs JV with Ekapa Mining

Petra Diamonds CEO Johan Dippenaar

Petra Diamonds CEO Johan Dippenaar

Photo by Duane Daws

8th July 2016

By: Anine Kilian

Contributing Editor Online

  

Font size: - +

JOHANNESBURG (miningweekly.com)  – LSE-listed Petra Diamonds has entered into a joint venture (JV) with Kimberley, South Africa-based diamond mining company Ekapa Mining, combining the operations into an unincorporated JV dubbed the Kimberley Ekapa Mining Joint Venture (KEM JV).

The effective date of the JV agreement was July 1 and would lead to a 75.9% interest for Petra and its black economic empowerment partners, and a 24.1% interest for Ekapa Mining.

"The KEM JV is expected to bring significant synergies to the operations at Kimberley, including the ability to increase throughput and reduce operating costs, thereby extending the operation's mine life," said Petra CEO Johan Dippenaar.

The respective operations comprise Petra's Kimberley Underground mines, as well as Ekapa Mining's tailings operations, the Kimberley Miners Forum and the Kimberley Mines tailings operations. 

Ekapa Minerals acquired Kimberley Mines from De Beers Consolidated Mines in January, which introduced a number of producing tailing deposits in the Kimberley area, as well as a six-million-tonnes-a-year combined treatment plant. 

 

Edited by Samantha Herbst
Creamer Media Deputy Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Advanced Fire Suppression Technologies
Advanced Fire Suppression Technologies

Established on 1 March, 2000, by Barries Barnard, Advanced Fire Suppression Technologies (AFST) and the Advanced Group stands as Sub-Saharan...

VISIT SHOWROOM 
Vikela Aluvin (Pty) Ltd
Vikela Aluvin (Pty) Ltd

Complete range of security sealing solutions including security seals bags and labels.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.079 1.044s - 140pq - 2rq
Subscribe Now