Full ownership

Ministerial consent to transfer Cullinan's new order mining right from De Beers to the Cullinan Diamond Mine paves the way for conclusion of the Petra Diamonds Cullinan Consortium's R1billion acquisition of the mine. The consortium comprises Petra Diamonds, Saudi-based investment company Al Rajhi Holdings and their empowerment partner, Thembinkosi Mining Investments. "The timetable for completion of the Cullinan acquisition remains on track for July, when Petra will take over the operation of the mine from De Beers," Petra said. - I-Net Bridge

Ministerial consent to transfer Cullinan's new order mining right from De Beers to the Cullinan Diamond Mine paves the way for conclusion of the Petra Diamonds Cullinan Consortium's R1billion acquisition of the mine. The consortium comprises Petra Diamonds, Saudi-based investment company Al Rajhi Holdings and their empowerment partner, Thembinkosi Mining Investments. "The timetable for completion of the Cullinan acquisition remains on track for July, when Petra will take over the operation of the mine from De Beers," Petra said. - I-Net Bridge

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