Petra signs JV with Ekapa Mining

LSE-listed Petra Diamonds has entered into a joint venture (JV) with Kimberley, South Africa-based diamond mining company Ekapa Mining, combining the operations into an unincorporated JV dubbed the Kimberley Ekapa Mining Joint Venture (KEM JV). The effective date of the JV agreement was July 1 and would lead to a 75.9% interest for Petra and its black economic empowerment partners, and a 24.1% interest for Ekapa Mining.