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Petra Diamonds is a leading supplier of rough diamonds, with a major resource base of 262 million carats. The Company offers a unique growth profile within the diamond sector, with a core objective to treble annual production from just over 1 million carats in the year to June 2010 to over 3 million carats.
20 July 2010
Revenue jumps 88%
Petra Diamonds Limited announces the following sales and production trading update (unaudited) for the year ended 30 June 2010. Read...
This has been a highly progressive year for the Company, during which Petra has:
- increased its ownership of the Cullinan mine to 74%, thereby doubling Cullinan’s attributable production and increasing Petra’s attributable resource base from all operations to 195 million carats (gross: 262 million carats);
- completed the acquisition of a further important producing diamond mine - Kimberley Underground;
- sold the remarkable 507 carat Cullinan Heritage diamond for US$35.3 million; and
- raised US$120 million in an equity financing.
Left: The 507 carat Cullinan Heritage diamond sold for US$35.3 million.
Johan Dippenaar: Diamonds are also a man's best friend
2 September 2010
[Source: The Independent] The chief executive of Petra Diamonds tells Alistair Dawber how the world's most famous mine just keeps on giving. Full article...
Notice of Results
26 August 2010
[Source: RNS] Petra Diamonds Limited advises that it will announce its Preliminary Results for the 12 months ended 30 June 2010 on 20 September 2010. Full release...
Trading update presentation
20 July 2010
- Live webcast
- Presentation (PDF - 1.49MB)
Cullinan
- 74% interest held
- World’s second largest diamond resource of 204.6m carats
- Source of the Cullinan, the world’s largest diamond ever found, a quarter of all the world’s diamonds over 400 carats in size, and highly prized blue diamonds
- Production ramping up from 1m carats pa to 2.6m carats pa
This first annual Sustainable Development Report covers Petra's impact and initiatives in the social, economic and environmental areas of society, and covers the 2009 financial year.
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