17 Aug 2022
DiamondWorld Directory
Home |
Petra completes acquisition of Willcroft
This will allow it to access to the Williamson mine
By: Diamond World News Service
Feb 19 2009 4:03PM
Reference: 3554  


Petra Diamonds has announced that it has completed the acquisition (as announced on 9 Holdings September 2008) of Willcroft Company Limited (“Willcroft”) from Cheviot Limited, a wholly owned subsidiary of De Beers Société Anonyme.

This allows Petra access the Williamson mine in Tanzania, as Willcroft owns 75 percent stake in Williamson Diamonds Limited, which in turn owns and operates the Williamson diamond mine. Twenty-five percent of the stake in Williamson mine is owned by the Government of the United Republic of Tanzania. Johan Dippenaar, CEO of Petra Diamonds, said: "Williamson is a world-class diamond mine and we are delighted to be a part of its future. We would like to thank the Government of the United Republic of Tanzania for their support in completing this transaction and we look forward to working with them as our partner in taking the mine forward.”

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31255
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8555
GJEPC Chairman Interview
Views: 27443
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38231
Promo for IJ Awards 2012 at NDTV Profit
Views: 56007
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67566
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21311
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 49934
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 51713
Member of:
Supporter of: