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14 Sep 2007 12:57
London-listed Petra Diamonds aims to reopen South Africa’s Kimberley underground mine in six to 12 months and restore output to 120 000-carats per year, the firm’s chief executive, Johan Dippenaar, said on Friday.
The firm would invest about R100-million per year in Kimberley, which it agreed to buy for R78,5-million from De Beers.
Dippenaar also told a presentation that the firm aimed to reach by early next year full output of 100 000 carats a year at the Koffiefontein mine it previously bought from De Beers.—Reuters
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