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Petra sells Kimberley Ekapa Mining stake to JV partner

Petra Diamonds (LSE:PDL) has agreed to sell its 58.1% interest in the Kimberley Ekapa Mining joint venture (KEM JV) to its JV partner Ekapa Mining for R300 million (US$22 million) in cash.

Petra sells Kimberley Ekapa Mining stake to JV partner Petra sells Kimberley Ekapa Mining stake to JV partner Petra sells Kimberley Ekapa Mining stake to JV partner Petra sells Kimberley Ekapa Mining stake to JV partner Petra sells Kimberley Ekapa Mining stake to JV partner

The Kimberley Ekapa Mining assets include the Kimberley underground mine

The JV includes the Kimberley underground mine, extensive tailings retreatment programmes and the Central treatment plant in South Africa's Northern Cape province.

Ekapa will take on all...