Is Petra Diamonds a buy?
Petra Diamonds has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Who is the owner of Petra Diamonds?
In June 2012, Petra owns 5 of the world’s most productive mines historically….Petra Diamonds.
| Type | Public |
|---|---|
| Headquarters | Jersey |
| Key people | Peter Hill, Chairman Richard Duffy, CEO |
| Production output | 3,700,000 carats (2016) |
| Revenue | US$430.9 million (2016) |
Are there still diamonds in Kimberley?
The Kimberley Underground mines were in operation more than a century ago and have a history of producing large diamonds. Kimberley Underground is currently 74% owned by its operator Petra Diamonds and 26% by Sedibeng Mining.
Is Cullinan mine still operating?
Cullinan contains a world-class gross resource of 152.50 Mcts as at 30 June 2020, which suggests its mine life could be significantly longer than the current mine plan to 2030….Key Facts.
| Location | Gauteng Province, South Africa |
|---|---|
| Depth of current mining | 880m |
| Mine Plan | To 2030 |
| Potential Mine Life | +50 years |
Is PDL a good buy?
Price To Earnings Ratio PE vs Industry: PDL is good value based on its PE Ratio (16.5x) compared to the Australian Capital Markets industry average (16.8x). PE vs Market: PDL is good value based on its PE Ratio (16.5x) compared to the Australian market (18x).
What does Petra mean?
Petra is a feminine given name. It is a feminine form of Peter, which is derived from the Greek word “πέτρα” (pronounced [ˈpetra]) meaning “stone, rock”.
Who owns diamond mines in South Africa?
De Beers Consolidated Mines Company
Ever since the Kimberley diamond strike of 1868, South Africa has been a world leader in diamond production. The primary South African sources of diamonds, including seven large diamond mines around the country, are controlled by the De Beers Consolidated Mines Company.
What does pendal Group Ltd do?
About Pendal Pendal is an independent, global investment management business focused on delivering superior investment returns for our clients through active management.
Where are Petra Diamonds located in South Africa?
Petra Diamonds operates four producing diamond mines in South Africa. These are all underground kimberlite pipe mines (Cullinan, Finsch, Koffiefontein and Kimberley Underground).
When did Petra Diamonds become a public company?
It is listed on the London Stock Exchange . Petra Diamonds was founded by Adonis Pouroulis in 1997 and was first listed on the Alternative Investment Market later that year. It transferred to the Main Market in December 2011. Petra Diamonds’ operations are focused in Africa: Petra Diamonds operates four producing diamond mines in South Africa.
Why was De Beers not interested in Petra Diamonds?
Petra Diamonds has a record of turning De Beers’ unprofitable South African mines into financial successes. According to Nicky Oppenheimer, Chairman of De Beers, the reason for this was “De Beers was operating the mines with too large a cost structure, something Petra doesn’t have.”
When did Petra Diamonds buy the Cullinan mine?
In July 2008, Petra led a consortium which acquired the Cullinan diamond mine from De Beers Consolidated Mines for a total cash consideration of ZAR 1 billion. In line with the South African Mining Charter, the Petra Diamonds Cullinan Consortium included broad based Black Economic Empowerment partners.
