Petra Diamonds Limited 425 ct Type II White Stone Find at Cullinan Mine (4972U)
March 29 2019 - 6:01AM
UK Regulatory
TIDMPDL
RNS Number : 4972U
Petra Diamonds Limited
29 March 2019
29 March 2019 LSE: PDL
Petra Diamonds Limited
("Petra," the "Company" or the "Group")
Notification of Recovery of 425.10ct Type II White Stone at
Cullinan Diamond Mine
Petra Diamonds Limited is pleased to confirm that it recovered a
425.10 carat D colour Type II gem quality diamond earlier today at
its Cullinan Diamond Mine.
This recovery further demonstrates the prevalence of these types
of stones in the Cullinan orebody as well as the ability of the
mine's plant to recover the full spectrum of diamonds. The stone is
expected to be sold during Q4 FY 2019.
The Company will report production and sales results for the
quarter ending 31 March 2019 on Monday 15(th) April.
Photos of the 425.10 carat stone can be found at
www.petradiamonds.com/media/image-library/diamonds.
Ends
For further information, please contact:
Petra Diamonds, London Telephone: +44 20 7494 8203
Marianna Bowes investorrelations@petradiamonds.com
Salisha Ilyas
Buchanan Telephone: +44 20 7466 5000
(PR Adviser)
Bobby Morse pdl@buchanan.uk.com
About Petra Diamonds Limited
Petra Diamonds is a leading independent diamond mining group and
a consistent supplier of gem quality rough diamonds to the
international market. The Company has a diversified portfolio
incorporating interests in three underground producing mines in
South Africa (Finsch, Cullinan and Koffiefontein) and one open pit
producing mine in Tanzania (Williamson). It also maintains an
exploration programme in Botswana and South Africa, which is
currently under review.
Petra's strategy is to focus on value rather than volume
production by optimising recoveries from its high quality asset
base in order to maximise their efficiency and profitability. The
Group has a significant resource base of ca. 290 million carats,
which supports the potential for long-life operations.
Petra conducts all operations according to the highest ethical
standards and will only operate in countries which are members of
the Kimberley Process. The Company aims to generate tangible value
for each of its stakeholders, thereby contributing to the
socio-economic development of its host countries and supporting
long-term sustainable operations to the benefit of its employees,
partners and communities. Petra is quoted with a premium listing on
the Main Market of the London Stock Exchange under the ticker 'PDL'
and is a constituent of the FTSE4Good Index. For more information,
visit www.petradiamonds.com.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCCKCDPKBKDONB
(END) Dow Jones Newswires
March 29, 2019 07:01 ET (11:01 GMT)
Petra Diamonds (LSE:PDL)
Historical Stock Chart
From May 2024 to Jun 2024
Petra Diamonds (LSE:PDL)
Historical Stock Chart
From Jun 2023 to Jun 2024