Petra Diamonds Limited Recovery of 20.08 carat Type IIb blue diamond (3257N)
September 23 2019 - 8:00AM
UK Regulatory
TIDMPDL
RNS Number : 3257N
Petra Diamonds Limited
23 September 2019
23 September 2019 LSE: PDL
Petra Diamonds Limited
("Petra," the "Company" or the "Group")
Recovery of 20.08 carat Type IIb blue diamond at Cullinan
Diamond Mine
Petra Diamonds Limited is pleased to confirm that it has
recovered an exceptional 20.08 carat blue gem quality Type IIb
diamond from the Cullinan Diamond Mine.
Today's recovery not only demonstrates the quality of Petra's
asset base, as the Cullinan diamond mine remains a significant
source of rare blue diamonds, but it again confirms the prevalence
of exceptional stones in the Cullinan orebody as well as the
ability of the mine's plant to recover the full spectrum of
diamonds.
The Company will report production and sales results for the
quarter ending 30 September 2019 on Monday 21(st) October.
A photo of the 20.08 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
Cathy Malins
Des Kilalea
Marianna Bowes investorrelations@petradiamonds.com
Buchanan Telephone: +44 20 746 5000
(PR Adviser)
Bobby Morse pdl@buchanan.uk.com.
Ariadna Peretz
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). Petra also conducts a
limited exploration programme in Botswana and South Africa.
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. 250 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. The Company's US$650 million loan notes due
in 2022 are listed on the Global Exchange market of the Irish Stock
Exchange. 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
UPDEAANDALPNEFF
(END) Dow Jones Newswires
September 23, 2019 09:00 ET (13:00 GMT)
Petra Diamonds (LSE:PDL)
Historical Stock Chart
From Apr 2024 to May 2024
Petra Diamonds (LSE:PDL)
Historical Stock Chart
From May 2023 to May 2024