Petra Diamonds
Limited
(“Petra”, “the Company” or “the
Group”)
Response to report
published by RAID
Petra Diamonds Limited acknowledges the report published by RAID
on 25 March 2021.
As previously stated, Petra takes the allegations of human
rights abuses at the Williamson mine extremely seriously.
Petra has committed to provide feedback on the investigation being
carried out by an external advisor, in conjunction with our legal
advisors; the scope of this investigation already includes the
allegations mentioned by RAID in their report.
As detailed in our recent announcements, the Company has taken a
number of actions to address the situation at the Williamson Mine,
including the replacement of the third party security contractor at
the mine, as noted in our announcement on 9
February 2021.
All of the Company’s announcements regarding this issue,
including its responses to RAID, are available on the Company’s
website:
https://www.petradiamonds.com/our-operations/our-mines/williamson/allegations-of-human-rights-abuses-at-the-williamson-mine/.
For further information, please
contact:
Petra Diamonds,
London
Telephone: +44 20 7494 8203
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'. The Company’s
US$337 million loan notes due in 2026
will be listed on the Global Exchange market of the Irish Stock
Exchange. For more information, visit www.petradiamonds.com.