Stellar Takes Over Petra’s Sierra Leone Diamond Project

Diamond Investing

Stellar  Diamonds PLC, mainly West Africa-focused, has now acquired Petra Diamonds’ Kono kimberlite project in diamond-rich Sierra Leone.
Stellar CE Karl Smithson is quoted saying:
“This is in line with the company’s growth strategy focused on the development of its kimberlite projects in West Africa.  We also welcome Petra as a significant shareholder in Stellar and are […]

Stellar  Diamonds PLC, mainly West Africa-focused, has now acquired Petra Diamonds’ Kono kimberlite project in diamond-rich Sierra Leone.

Stellar CE Karl Smithson is quoted saying:

“This is in line with the company’s growth strategy focused on the development of its kimberlite projects in West Africa.  We also welcome Petra as a significant shareholder in Stellar and are pleased to reinforce our existing relationship. The cooperation agreement that Stellar and Petra have signed offers optionality to both parties, and the companies look forward to discussing partnerships on other projects in West Africa when appropriate opportunities arise.”

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