Petra Diamonds Limited has announced that Hillaren Lerato Molebatsi, an independent Non-Executive Director of the company, has been appointed as an independent Non-Executive Director of Curro Holdings Limited, a South African company listed on the Johannesburg Stock Exchange. The appointment will take effect from 1 February 2024.
Petra Diamonds is a leading independent diamond mining group and a supplier of gem quality rough diamonds to the international market. The company's portfolio includes interests in three underground mines in South Africa (Finsch, Cullinan Mine, and Koffiefontein) and one open pit mine in Tanzania (Williamson). The Koffiefontein mine is currently on care and maintenance in preparation for closure.
The company's strategy is to focus on value rather than volume production by optimizing recoveries from its high-quality asset base to maximize efficiency and profitability. Petra Diamonds has a significant resource base that supports the potential for long-life operations.
Petra Diamonds strives to conduct all operations according to the highest ethical standards and only operates in countries that are members of the Kimberley Process. The company aims to generate tangible value for each of its stakeholders, contribute to the socio-economic development of its host countries, and support long-term sustainable operations for the benefit of its employees, partners, and communities.