Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Mining

South Africa: Petra Diamonds and Ekapa Mining sign a joint-venture agreement

Monday, 11 July 2016 18:54

(Ecofin Agency) - Mining companies Petra Diamonds and Ekapa Mining signed a joint-venture agreement to combine their operations in the Kimberley region, into an unincorporated joint-venture named the Kimberley Ekapa Mining Joint Venture (KEM JV).

Operations involved comprise Petra Diamonds’ underground mines, Ekapa Mining’s tailings operations, and Kimberley Mines tailings operations, acquired from De Beers in January 2016. Petra and its BEE partners will have a 75.9% interest in the joint-venture, while Ekapa Mining will have a 24.1% interest.

“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’s CEO, Johan Dippenaar.

Besides the Kimberley region, Petra Diamonds has for assets in Africa, the Finsch, Williamson, Koffiefontein, Cullinan and the Helam mines in South Africa.

Louis-Nino Kansoun





 
Finance


 
Telecom


 
Public Management



ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.