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Market NewsNewsPetra Diamonds sells stake in Kimberley Ekapa JV for $22 mn

Petra Diamonds sells stake in Kimberley Ekapa JV for $22 mn

Petra Diamonds said it had sold its stake in the Kimberley Ekapa Mining joint venture to its namesake partner, Ekapa Mining, for about 300 million rand ($22 million), mining.com reported.

The sale of its 75.9% stake in the operation, which focuses on mining in South Africa’s Kimberley town, will allow Petra to pay particular attention to its Finsch and Cullinan diamond mines, sources of major recent findings, said the mining.com report.

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