Petra Diamonds
Limited
(“Petra”, “the Company” or “the
Group”)
Update Regarding
the Publication of Report on Williamson Mine
As previously announced, Petra Diamonds Limited has committed to
provide feedback on the investigation being carried out by an
external advisor, in conjunction with its legal advisors, into the
allegations of human rights abuses at the Williamson mine.
The Company has recently obtained further additional information
relating to the allegations which will help with the preparation of
its report, and this information is currently being processed by
the external adviser. As a result, the Company will defer the
publication of its feedback on the independent investigation until
this additional work has concluded.
The Company now anticipates that its report on the investigation
will be published around the end of April
2021.
All of the Company’s announcements
released to date regarding the allegations 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/.
~ Ends ~
For further information, please
contact:
Petra Diamonds,
London
Telephone: +44 20 7494 8203
Marianna
Bowes
investorrelations@petradiamonds.com
Celicourt
Telephone: +44 20 8158 5829
(PR Adviser)
Philip Dennis
Petra@celicourt.uk
Jimmy Lea
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.