Petra Diamonds Limited was founded by Adonis Pouroulis in 1997 and its shares were listed at the Alternative Investment Market (AIM) with the market capitalization of about £10 million. In recent years, Petra Diamonds, a junior diamond mining company, has shown sky-rocketing production rates and diamond mining output (Fig. 1, 2). Taking into account the diamond resources at the deposits purchased by the company (Fig. 1) that made 42.3 million carats in 2012, including 23.9 million carats of reserves, the expected diamond output of 5 million carats by 2019 is a realistic one, which is $717 million expressed on the basis of the current prices.
Based on the annual reports of Petra Diamonds for 2005-2013
Based on the annual reports of Petra Diamonds for 2005-2013
The operational structure of Petra Diamonds on the prospected and developed diamond fields is shown in Fig.3.
Fig. 3. Operational structure of Petra Diamonds
The development strategy of Petra Diamonds is shown in the below business model (Fig. 4).
Fig. 4. Business model of Petra Diamonds development.
As it appears, Petra Diamonds Limited and Dominion Diamond Corporation currently being the most dynamically developing second-tier diamond miners, will soon take place vacated by BHP Billiton, which abandoned the diamond business, in terms of rough output and sales.
Yuri Danilov, Director of the Department of Subsoil Management Economics, Institute for Regional Economics of the North at Ammosov North-Eastern Federal University
