Petra Diamonds Company entered into a joint venture with Ekapa Mining. The company combines three operations, previously owned by the Company in Kimberley, South Africa.
Johan Dippenaar (Johan Dippenaar), Chief Executive Officer of Petra Diamonds, said that the joint venture Kimberley Ekapa Mining (KEM JV), is expected to bring significant consistency in the operation in Kimberley. This includes the ability to increase the volume of rock processing and reduce operating costs, thereby extending the life cycle of operations.
Among the consolidated operations - Petra underground mines in Kimberley, processing operations and waste rock Ekapa Kimberley Mines.
Ekapa Minerals owns 50.1% of the company Ekapa Mining and 49,9% - Petra Company. It acquired the Kimberley Mines, the company De Beers Consolidated Mines in January this year.
As part of the transaction were transferred to a number of sites with rock piles in the Kimberley area, as well as the latest combination processing plant breeds capacity of 6 million tons of ore per year. The company can process as the ore supplied directly from mines and rock piles with.
"These assets are in good agreement with a portfolio of group companies, taking into account existing in Kimberley underground operations Petra", - said Dippenaar.
"It is important to note that the deal demonstrates our commitment to ensuring a sustainable future for the diamond industry in Kimberley, which will benefit workers Kimberley Mines and the local community", - he concluded.
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WFDB (World Federation of Diamond Bourses, WFDB ) congratulated Jim Pounds (Jim Pounds), executive vice president of Dominion Diamond Corporation, with the appointment of the President of the Association of Diamond Manufacturers (Diamond Producers Association, DPA), and Jean-Marc Lieberherr ( jean-Marc Lieberherr), former managing Director of the diamond division Rio Tinto - the general director of the association.
"I wish Jim and Jean-Marc all the best in their efforts. This is a critical time for the global diamond industry, and we need experienced head to help it move forward. Industry diamond advertising is one of the biggest challenges facing the industry, and is of vital essential for creating high consumer demand for our amazing product, "- said in this connection, WFDB President Ernie Blom (Ernie Blom).
According to him, three years ago to create a fund WFDB World Diamond brand (World Diamond Mark Foundation, WDMF) in order to increase consumer awareness of diamond jewelry, and will be happy together with the DPA to facilitate the movement of diamonds into the hearts of potential customers. "It is important that the industry was united in solving problems, and we are ready to join forces," - said Blom.
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