TIDMPDL 
 
19 January 2021                                                                                                  LSE: PDL 
 
                            Petra Diamonds Limited 
 
                   ("Petra" or the "Company" or the "Group") 
 
           Trading Update for the Six Months ended 31 December 2020 
 
Petra Diamonds Limited announces the following Trading Update (unaudited) for 
the six months ended 31 December 2020 (the "Period", "H1 FY 2021" or "H1"), 
ahead of the publication of the Company's Interim Results for the Period on 16 
February 2021. 
 
SUMMARY 
 
  * Lost Time Injury Frequency Rate ("LTIFR") of 0.50 (H1 FY 2020: 0.22 and FY 
    2020: 0.29) improved from 0.65 during Q1 FY 2021 due to the behaviour-based 
    intervention campaign in place to address this LTI trend and reinforce safe 
    workplace practices. The total number of injuries during the Period, which 
    includes LTIs, reduced to 19 (H1 FY 2020: 24). 
  * H1 production down 16% to 1,740,862 carats (H1 FY 2020: 2,070,240 carats), 
    mainly as a result of the Williamson mine in Tanzania remaining on care and 
    maintenance. Increased production at Cullinan was offset by decreased 
    production at Finsch due to waste ingress in a number of the upper levels 
    of the Block 5 Sub Level Cave, negatively impacting the recovered grade, 
    and corrective measures to address the waste ingress restricting the volume 
    of ROM tonnes being mined. 
  * H1 revenue down 8% to US$178.1 million from 1,712,797 carats sold (H1 FY 
    2020: US$193.9 million from 1,743,807 carats sold) with the US$40.4 million 
    proceeds from the Letlapa Tala Collection of blue diamonds offset by weaker 
    prices following the COVID-19 outbreak and the deferral of sales to January 
    2021 of some 382 kcts yielding US$30.5 million at the Company's first 
    tender of 2021, which closed on 15 January 2021. Diamond pricing on a 
    like-for-like basis increased by a further 8% at this tender, confirming 
    that pricing has now returned to pre-COVID-19 levels. 
  * The Cullinan mine produced a 299 carat Type IIa white gem-quality diamond 
    in January 2021; this stone is expected to be sold during the Company's 
    next tender in February 2021. This is the third largest high quality white 
    diamond recovered at the mine since Petra acquired its stake in 2008, after 
    the 507 carat Cullinan Heritage and the 424 carat Legacy of the Cullinan 
    Diamond Mine. A photo of the 299 carat diamond can be viewed at https:// 
    www.petradiamonds.com/media/image-library/diamonds/. 
  * Diamond inventory of 1,385,402 carats valued at US$103.6 million at Period 
    end (30 September 2020: US$90.2 million). 
  * Consolidated net debt at 31 December 2020 of US$695.5 million (30 September 
    2020: US$687.8 million). 
  * Unrestricted cash of US$92.3 million (30 September 2020: US$49.3 million), 
    with the Company's banking facilities remaining fully drawn. 
  * ZAR/USD exchange rate volatility continued during the Period, averaging 
    R16.27/USD1 and closing the Period at ZAR14.69/USD1. The continued weakness 
    in ZAR/USD levels partially offset some of the price weakness realised 
    through diamond sales. 
 
Capital Restructuring 
 
  * A number of milestones have now been passed with regards to the successful 
    implementation of the Company's proposed capital restructuring and 
    associated debt for equity swap, including the approval of the Scheme by 
    100% of votes cast at the Scheme Meeting on 8 January 2021 and the approval 
    of the associated allotment of new shares by 95% of votes cast by 
    shareholders at the Company's Special General Meeting on 13 January 2021, 
    paving the way for the restructuring to complete during January / February 
    2021, provided the requisite regulatory approval is obtained. In December 
    2020 the Company announced the prospective appointment of Mr. Matthew 
    Glowasky to the Board as a Non-Executive Director nominee appointed by 
    Monarch Master Funding 2 (Luxembourg) S.à r.l., a holder of the Company's 
    US$650 million 7.25% senior secured second lien notes due in May 2022 that 
    is participating in the debt for equity swap. Mr. Glowasky's prospective 
    appointment to the Board is subject to the successful implementation of the 
    consensual capital restructuring and a further announcement confirming the 
    date on which he will formally assume office will be made in due course. 
 
Outlook 
 
  * The diamond market has continued to show improved demand for rough 
    diamonds, as evidenced by the recent strong sales from the majors De Beers 
    and ALROSA, further to continued robust demand from the midstream, 
    following positive consumer sales during the holiday retail season. There 
    are expectations that this improved demand will continue throughout Q1 CY 
    2021. However, the current resurgence of COVID-19 in many countries poses a 
    significant risk to the logistics and timing of sales in H2 FY 2021. 
  * Due to the ongoing uncertainty around the impact of COVID-19, production 
    guidance for FY 2021 remains suspended. Furthermore, the Williamson mine 
    remains on care and maintenance, as has been the case since April 2020; 
    this situation remains under continual review. 
 
  * Project 2022 throughput targets have been impacted by reduced grade at 
    Finsch as a result of the increased waste ingress and reduced volumes to 
    manage the dilution, as mentioned above, and Williamson remaining on care 
    and maintenance for longer than initially planned. Although Cullinan 
    remains on track to deliver on its throughput stretch target for FY 2021, 
    the impact of reduced throughput at Finsch and Williamson is expected to 
    lower the annualised contribution of the throughput initiatives from some 
    US$101 million by the end of FY 2021, as previously disclosed, to around 
    US$70 million. Any longer term impact of increased waste ingress at Finsch 
    will be clarified as part of the current life of mine ("LOM") planning 
    process. Petra continues to expect the Project 2022 cost saving initiatives 
    to deliver  an annualised contribution of ca. US$22 million from the end of 
    Q3 FY 2021. 
 
  * The Company is aware of media reports suggesting that the parcel of 71,654 
    carats of diamonds from the Williamson mine in Tanzania, which was blocked 
    for export in September 2017, has been nationalised. To date the Company 
    has not received any communication from the Government of Tanzania about 
    this matter and Williamson Diamonds Limited, the owner and operator of the 
    Williamson mine, has written to the Minister of Minerals requesting an 
    update on the status of the Parcel. 
  * The Company's Tunajali Committee, comprised entirely of independent 
    Non-Executive Directors, will undertake a review of the output of the 
    external investigation into the alleged breaches of human rights at the 
    Williamson mine and will make recommendations to address any findings. The 
    Company intends to make a further announcement on these issues by the end 
    of March 2021. 
 
H1 FY 2021 Sales, Production and Capex - Summary 
 
                         Unit     H1 FY 2021   H1 FY 2020    Variance     FY 2020 
 
Sales 
 
Diamonds sold            Carats     1,712,797    1,743,807          -2%    2,895,497 
 
Gross revenue            US$M           178.1        193.9          -8%        295.8 
 
Production 
 
ROM tonnes                 Mt             4.2          7.0         -40%         11.5 
 
Tailings & other1 tonnes   Mt             0.2          0.5         -60%          0.8 
 
Total tonnes treated       Mt             4.4          7.5         -41%         12.3 
 
ROM diamonds             Carats     1,644,846    1,995,512         -18%    3,442,593 
 
Tailings & other1        Carats        96,016       74,728         +28%      146,583 
diamonds 
 
Total diamonds           Carats     1,740,862    2,070,240         -16%    3,589,176 
 
Capex 
 
Expansion                US$m             6.3         15.9         -60%         21.8 
 
Sustaining               US$m             2.3          9.7         -76%         14.6 
 
Borrowing costs          US$m             0.0          0.0            -            - 
capitalised 
 
Total                    US$m             8.6         25.6         -66%         36.4 
 
 1. 'Other' includes alluvial diamond mining at Williamson. 
 
Richard Duffy, Chief Executive of Petra Diamonds, commented: 
 
"We are living through a time of great uncertainty as a result of COVID-19, 
which has put considerable pressure on the business and all of our employees. I 
am grateful for the continued fortitude and resilience of our entire Petra team 
in the face of this challenge and extend our sincerest condolences to the 
families and friends of the four employees who have tragically lost their lives 
to COVID-19. 
 
I am delighted that we have now secured the support of our noteholders, lenders 
and shareholders for the proposed restructuring of the Group's balance sheet, 
which will formally complete in the coming weeks following the receipt of the 
requisite regulatory approval. This marks a significant milestone in putting 
the Company on a sustainable footing going forward. The improvement in the 
market, with prices from our January sale now back at pre-COVID levels, is very 
encouraging and will provide some support as we look to optimise the value of 
our asset base. 
 
Our operations in South Africa, and Cullinan in particular, continue to perform 
well despite emerging operational challenges at Finsch, resulting from waste 
ingress, that has negatively impacted on its carat production. Mitigation plans 
have been developed and are currently being implemented to address this. 
Williamson remains under care and maintenance and we are considering various 
options to resume mining operations." 
 
COMMENTARY 
 
Health and safety 
 
  * Group LTIFR of 0.50 (H1 FY 2020: 0.22 and FY 2020: 0.29), improving from 
    0.65 for Q1 FY 2021. The majority of the accidents in H1 FY 2021 continued 
    to be behavioural in nature. Considerable focus is being placed on 
    reinforcing safe behaviour and continuous improvement in striving for a 
    zero harm working environment. The total number of injuries during the 
    Period, which includes LTIs, reduced to 19 (H1 FY 2020: 24). 
  * The COVID-19 pandemic poses a significant risk to the health and safety of 
    the Group's workforce. Whilst the majority of those who contract the virus 
    may be asymptomatic or may only experience mild symptoms, a number of 
    people (especially those with comorbidities) may become seriously ill or 
    the virus may prove fatal. Whilst Petra has implemented systems and 
    strategies aiming to prevent and/or contain the spread of the virus at its 
    operations, the widespread prevalence and highly infectious nature of the 
    virus has meant that 290 employees to date have been confirmed COVID-19 
    positive at the South African operations as at 15 January 2021, and of 
    these 240 have fully recovered. Although the majority of those affected are 
    only experiencing mild symptoms, the Company has tragically lost four 
    colleagues as a result of COVID-19. 
  * More information about the Company's response to the pandemic can be 
    accessed here: https://www.petradiamonds.com/sustainability/ 
    health-and-safety/our-response-to-covid-19/. 
  * There have been no cases of COVID-19 confirmed at the Williamson mine in 
    Tanzania to date. 
 
Production 
 
  * Overall carat production decreased 16% to 1,740,862 carats (H1 FY 2020: 
    2,070,240 carats), with Cullinan's outperformance offsetting lower 
    production at Finsch, lower production from Koffiefontein and no 
    contribution from Williamson (H1 FY 2020: 222,351 carats), which remains on 
    care and maintenance. 
 
  * Cullinan's overall carat production increased by 13% to 1,009,642 carats 
    (H1 FY 2020: 889,787 carats) due to ROM production increasing by 7% to 
    913,626 carats (H1 FY 2020: 855,371 carats) in line with Project 2022 
    throughput targets. Tailings production increased by 179% to 96,016 carats 
    in line with the mine plan (H1 FY 2020: 34,416 carats). The higher ROM 
    carat production was largely driven by an increased volume treated of 
    2,339,473 tonnes (H1 FY 2020: 2,295,197 tonnes) at a ROM grade of 39.1 cpht 
    (H1 FY 2020: 37.3 cpht). 
  * Finsch's overall carat production decreased by 24% to 695,308 carats (H1 FY 
    2020: 913,557 carats) due to ROM carat production decreasing by 21% to 
    695,308 carats (H1 FY 2020: 880,707 carats) further to a 14% decrease in 
    the volume treated of 1,323,000 tonnes (H1 FY 2020: 1,534,256 tonnes) and 
    an 8% decrease in the ROM grade to 52.6 cpht (H1 FY 2020: 57.4 cpht). ROM 
    volumes mined in H1 were impacted by the expiry of the temporary continuous 
    operations arrangement, which was reinstated during October 2020 and will 
    remain in place until June 2021. 
 
As announced on 22 December 2020, the Finsch mine has experienced higher than 
expected levels of waste ingress in a number of the upper levels of the Block 5 
Sub Level Cave, which has served to negatively impact the recovered grade. The 
Company has been going through a detailed exercise to better understand this 
issue and has put a plan in place to mitigate the impact. In the short term, 
this will include a revision to the draw strategy to limit planned draw tonnage 
for the next four months, a build-up of inventory rings to allow for increased 
blasting from March 2021, and a change to the drill and blast designs to 
optimise ore extraction. In the longer term, the Company will also investigate 
ore mixing programmes to better assist with the prediction of waste ingress. A 
combination of the reduced ore tonnage extraction (further to the dilution 
caused by the waste material ingress) and a lower grade is expected to lead to 
Finsch's production for FY 2021 being ca. 15% lower in carat volumes than the 
Company's internal plan. 
 
During H1 FY 2021, the areas surrounding the Finsch mine experienced above 
average rainfall. Due to the excessive amount of rainfall and an influx of 
water into the pit, pit wall failures were experienced on the northern side of 
the pit. These failures have not impacted production to date, but they may have 
a future impact on the stability of the decline from surface which also serves 
as the second escape route from the underground operations. Measures to 
mitigate the impact on the second escape route are being put in place and 
include the re-commissioning of a temporary hoisting facility from surface down 
to the 70 level. 
 
  * Koffiefontein's production decreased 19% to 35,912 carats (H1 FY 2020: 
    44,545 carats), with treatment from underground ore mined during the Period 
    supplemented by some 76,000 tonnes of ROM material stockpiled during Q4 FY 
    2020 further to the COVID-19 lockdowns; the ROM stockpile was largely 
    depleted during H1 FY 2021. 
  * The Williamson mine in Tanzania remained on care and maintenance during H1 
    FY 2021. 
 
Project 2022 Update 
 
  * Project 2022 throughput ideas continue to remain the largest contributor 
    towards the operational cash flow benefits and Cullinan is on track to 
    deliver on its throughput stretch target for FY 2021, having met the H1 
    recovered carats stretch target of 1 million carats. However, the higher 
    than expected levels of waste ingress at Finsch is having a detrimental 
    impact on throughput benefits due to both lower grade and volume. The 
    extended state of care and maintenance at Williamson is also inhibiting 
    throughput ideas, with operations being suspended. The expected impact of 
    the reduced throughput at Finsch and Williamson indicates a reduction in 
    the annualised contribution of the throughput initiatives from some US$101 
    million by the end of FY 2021, as previously disclosed, to around US$70 
    million. 
  * The targeted contribution from cost efficiencies remains at an annualised 
    US$22 million from the end of Q3 FY 2021. 
  * The Organisational Design ("OD") project progressed to implementation, with 
    the adoption of a top-down phased approach starting with Group functions 
    through to the roles at operations. Alignment of the organisational 
    structures to support the operating model and a total review of role titles 
    and role profiles are nearing completion. The grading committee is at an 
    advanced stage with the grading of Group function roles and aims to have 
    the subsequent layers completed by June 2021. There is also progress to 
    align incentive and production bonus schemes to support and reward delivery 
    of our Project 2022 targets across the Group. 
 
Diamond market and sales 
 
  * The diamond market has continued to show improved demand for rough 
    diamonds, as evidenced by the recent strong sales from the majors De Beers 
    and ALROSA, further to continued robust demand from the midstream, 
    following positive consumer sales during the holiday retail season. There 
    are expectations that this improved demand will continue throughout Q1 CY 
    2021. However, the current resurgence of COVID-19 in many countries poses a 
    significant risk to the logistics and timing of sales in H2 FY 2021. 
  * In the retail market, whilst western markets were subdued, leading 
    jewellers experienced strong sales in China over the holiday period, as the 
    economic recovery on the mainland led to a resurgence of consumer demand 
    for diamonds and other luxury goods. 
  * Supply discipline by the major diamond producers in 2020 has played an 
    important role in moving towards more balance between supply and demand in 
    the midstream and remains a key factor in terms of the health of the market 
    in 2021. 
  * Due to the impact of COVID-19 and the closure of the Argyle mine in 
    Australia in 2020 (which accounted for ca. 13 Mcts in 2019), rough diamond 
    production is forecast to have contracted significantly in 2020 and may 
    struggle to recover to pre-crisis levels. 
 
Diamond Sales and Prices 
 
  * H1 revenue was down 2% to US$178.1 million from 1,712,797 carats sold (H1 
    FY 2020: US$193.9 million from 1,743,807 carats sold), with the US$40.4 
    million proceeds from the Letlapa Tala Collection of blue diamonds offset 
    by weaker prices following the COVID-19 outbreak and the deferral of sales 
    to January 2021 of some 382 kcts yielding around US$30.5 million through a 
    tender which closed on 15 January 2021. 
  * Like-for-like diamond prices at this tender increased by a further 8% and 
    have therefore largely recovered to pricing levels before the COVID-19 
    outbreak, barring the finer (smaller) goods, which only account for a small 
    portion of overall revenues. 
  * Prices achieved during H1 FY 2021 are set out in the table below: 
 
                               Actual          Actual           Actual 
           Mine 
                             H1 FY 2021      H1 FY 2020        FY 2020 
                              (US$/ct)        (US$/ct)         (US$/ct) 
 
Cullinan                         120             112              98 
 
Finsch                           71              79               75 
 
Koffiefontein                    590             431             387 
 
Williamson                       150             184             177 
 
  * Pricing achieved in H1 was impacted by the carry-over of certain, mostly 
    lower-value parcels from FY 2020, which were subsequently sold during July 
    2020. The realised prices reflect the weaker market conditions offset by 
    the sale of the Letlapa Tala collection during the Period, positively 
    impacting Cullinan's unit price, while Koffiefontein's price also benefited 
    from a higher proportion of coarse material (larger diamonds) in the 
    product mix. 
  * Despite the Williamson mine being on care and maintenance, it was possible 
    to include ca. 30,000 carats for sale in Q1 due to these diamonds being 
    withheld for sale in Q4 FY 2020. 
 
Corporate and Financial 
 
  * A summary of the Group's current cash, diamond inventories, debtors, 
    borrowings and net debt is set out below. 
 
                   Unit      31 December    30 September      30 June      31 December 
                                2020            2020            2020           2019 
 
Closing exchange             R14.69:US$1     R16.73:US$1    R17.32:US$1    R13.99:US$1 
rate used for 
conversion 
 
Cash at bank       US$m         106.3           63.4            67.6           53.6 
 
Diamond            US$m         103.6           90.2            84.1           85.2 
inventories1       Carats     1,385,402       1,394,825      1,357,584       992,425 
 
Diamond debtors    US$m          3.7            19.1            4.8            12.8 
 
US$650 million     US$m         697.1           673.6          673.6          650.0 
loan notes 
(including 
deferred coupon 
payments) 
 
Bank loans and     US$m         61.2            53.8            52.0           0.0 
borrowings 
 
Bank facilities    US$m          0.0             0.0            0.0           107.2 
undrawn and 
available 
 
Consolidated net   US$m         695.5           687.8          693.2          632.9 
debt2,3 
 
Notes: 
 
 1. Recorded at the lower of cost and net realisable value. 
 2. Consolidated Net Debt is bank loans and borrowings plus loan notes, less 
    cash, less diamond debtors and includes the Black Economic Empowerment 
    guarantees of ca. US$47.2 million (ZAR692.8 million) as at 31 December 2020 
    (ca. US$42.9 million (ZAR717.2 million) as at 30 September 2020 and ca. 
    US$40.0 million (ZAR693.6 million) as at 30 June 2020). 
 3. In terms of the Amendment Agreement entered into on 29 May 2020, Petra and 
    the South African lender group have agreed that covenant measurements will 
    not be undertaken for the period ending 31 December 2020. 
 
The information communicated in this announcement is inside information for the 
purposes of Article 7 of Regulation 596/2014. Upon the publication of this 
announcement via a Regulatory Information Service, this inside information will 
be considered to be in the public domain. The person responsible for arranging 
for the release of this announcement on behalf of the Company is Jacques 
Breytenbach, Finance Director. 
 
Notes: 
 
 1. The production and financial results in this announcement are adjusted to 
    exclude the results of KEM JV, which has been reclassified as a 
    discontinued operation following the proposed disposal, announced in July 
    2018. 
 2. The following definitions have been used in this announcement: 
 
 a. cpht: carats per hundred tonnes 
 b. CY: calendar year 
 c. Kcts: thousand carats 
 d. Kt: thousand tonnes 
 e. Mcts: million carats 
 f. Mt: million tonnes 
 g. FY: financial year 
 h. Q: quarter of the financial year 
 i. ROM: run-of-mine (i.e. production from the primary orebody) 
 j. SLC: sub level cave 
 
                                    Ends 
 
For further information, please contact: 
 
Petra Diamonds, London                                         Telephone: +44 
20 7494 8203 
 
Cathy Malins 
 
Des Kilalea 
 
Marianna Bowes 
investorrelations@petradiamonds.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 mine in Tanzania (Williamson). 
 
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. 243 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, currently subject to 
restructuring, are listed on the Global Exchange market of the Irish Stock 
Exchange. For more information, visit www.petradiamonds.com. 
 
APPIX - MINE BY MINE PRODUCTION TABLES 
 
Cullinan - South Africa 
 
                      Unit       H1 FY 2021   H1 FY 2020    Variance     FY 2020 
 
Sales 
 
Revenue               US$M             107.3         81.7         +31%        116.5 
 
Diamonds sold         Carats         894,758      730,847         +22%    1,183,745 
 
Average price per     US$                120          112          +7%           98 
carat1 
 
ROM Production 
 
Tonnes treated        Tonnes       2,339,473    2,295,197          +2%    3,972,682 
 
Diamonds produced     Carats         913,626      855,371          +7%    1,482,482 
 
Grade                 cpht              39.1         37.3          +5%         37.3 
 
Tailings Production 
 
Tonnes treated        Tonnes         221,385      117,112         +89%      257,549 
 
Diamonds produced     Carats          96,016       34,416        +179%       95,918 
 
Grade                 Cpht              43.4         29.4         +48%         37.2 
 
Total Production 
 
Tonnes treated        Tonnes       2,560,858    2,412,309          +6%    4,230,231 
 
Diamonds produced     Carats       1,009,642      889,787         +13%    1,578,400 
 
Capex 
 
Expansion Capex       US$m               5.2         10.0         -48%         13.0 
 
Sustaining Capex      US$m               0.7          2.0         -65%          3.4 
 
Borrowing Costs       US$m               0.0          0.0            -          0.0 
Capitalised 
 
Total Capex           US$m               5.9         12.0         -51%         16.4 
 
Notes: 
 
 1. The Company is not able to precisely measure the ROM / tailings grade split 
    because ore from both sources is processed through the same plant; the 
    Company therefore back-calculates the grade with reference to resource 
    grades. 
 
Finsch - South Africa 
 
                      Unit       H1 FY 2021   H1 FY 2020     Variance     FY 2020 
 
Sales 
 
Revenue               US$M              54.8          61.7         -11%        101.1 
 
Diamonds sold         Carats         768,647       783,962          -2%    1,348,181 
 
Average price per     US$                 71            79          -9%           75 
carat 
 
ROM Production 
 
Tonnes treated        Tonnes       1,323,000     1,534,256         -14%    2,719,389 
 
Diamonds produced     Carats         695,308       880,707         -21%    1,603,678 
 
Grade1                cpht              52.6          57.4          -8%         59.0 
 
Tailings Production 
 
Tonnes treated        Tonnes               0       174,167        -100%      211,541 
 
Diamonds produced     Carats               0        32,850        -100%       39,890 
 
Grade1                cpht                 0          18.9        -100%         18.9 
 
Total Production 
 
Tonnes treated        Tonnes       1,323,000     1,708,423         -23%    2,930,930 
 
Diamonds produced     Carats         695,308       913,557         -24%    1,643,568 
 
Capex 
 
Expansion Capex       US$m               0.8          4.2          -81%          6.1 
 
Sustaining Capex      US$m               0.5          1.4          -64%          2.3 
 
Borrowing Costs       US$m               0.0          0.0             -          0.0 
Capitalised 
 
Total Capex           US$m               1.3          5.6          -77%          8.4 
 
 
Note: 
 
 1. The ROM / tailings grade split is theoretical and based on the resource 
    grades as ore from both sources is processed through the same plant. 
 
Koffiefontein - South Africa 
 
                      Unit       H1 FY 2021   H1 FY 2020    Variance     FY 2020 
 
Sales 
 
Revenue               US$M              11.2         14.7         -24%         25.7 
 
Diamonds sold         Carats          18,944       34,163         -45%       66,326 
 
Average price per     US$                590          431         +37%          387 
carat 
 
ROM Production 
 
Tonnes treated        Tonnes         493,661      561,296         -12%      891,705 
 
Diamonds produced     Carats          35,912       44,545         -19%       69,077 
 
Grade                 cpht               7.3          7.9          -8%          7.7 
 
Total Production 
 
Tonnes treated        Tonnes         493,661      561,296         -12%      891,705 
 
Diamonds produced     Carats          35,912       44,545         -19%       69,077 
 
Capex 
 
Expansion Capex       US$m               0.3          1.7         -82%          2.7 
 
Sustaining Capex      US$m               0.3          0.6         -50%          1.1 
 
Total Capex           US$m               0.6          2.3         -74%          3.8 
 
Williamson - Tanzania 
 
                      Unit       H1 FY 2021   H1 FY 2020    Variance     FY 2020 
 
Sales 
 
Revenue               US$M               4.6         35.9         -87%         52.5 
 
Diamonds sold         Carats          30,339      194,835         -84%      297,245 
 
Average price per     US$                150          184         -18%          177 
carat 
 
ROM Production 
 
Tonnes treated        Tonnes               0    2,654,906        -100%    3,980,438 
 
Diamonds produced     Carats               0      222,351        -100%      287,356 
 
Grade                 cpht                 0          8.1        -100%          7.2 
 
Alluvial Production 
 
Tonnes treated        Tonnes               0      198,698        -100%      302,567 
 
Diamonds produced     Carats               0        7,463        -100%       10,774 
 
Grade                 cpht                 0          3.8        -100%          3.6 
 
Total Production 
 
Tonnes treated        Tonnes               0    2,853,604        -100%    4,283,005 
 
Diamonds produced     Carats               0      222,351        -100%      298,130 
 
Capex 
 
Expansion Capex       US$m               0.0          0.0           0%          0.0 
 
Sustaining Capex      US$m               0.3          5.7         -95%          8.0 
 
Total Capex           US$m               0.3          5.7         -95%          8.0 
 
 
 
END 
 
 

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Petra Diamonds (LSE:PDL)
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From Feb 2024 to Mar 2024 Click Here for more Petra Diamonds Charts.
Petra Diamonds (LSE:PDL)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Petra Diamonds Charts.