Annual Report and Notice of A

RNS Number : 0153J

Petra Diamonds Ld

27 November 2008

 

27 November 2008

AIM: PDL

Petra Diamonds Limited

('Petra Diamonds' or 'the Company')

Annual Report and Notice of Annual General Meeting

Petra Diamonds, the international diamond mining group, announces that its Annual Report and Accounts for the financial year ended 30 June 2008 ('Annual Report') has been posted to shareholders. The Annual Report is available to view on the Company's website: www.petradiamonds.com.

The Annual General Meeting of the Company will be held at the offices of Memery Crystal LLP at 44 Southampton Buildings, London, WC2A 1AP at 10:00am on Friday 19 December 2008.

For further information, please contact:

Cathy Malins	Telephone: [phone]
Petra Diamonds, London	[e-mail]

Adrian Hadden	Telephone: [phone]
Collins Stewart, London	[e-mail]

Media relations:

Julian Walker	Telephone: [phone]
Hogarth Partnership, London	[e-mail]
Charmane Russell	Telephone: [phone]
Russell and Associates, Johannesburg	[e-mail]

About Petra Diamonds

Petra Diamonds is a rapidly growing diamond mining group, focused on the African continent. A number of recent acquisitions have established Petra Diamonds as one of the world's largest independent diamond groups by resources, with a total resource base of 265 million carats, worth US$27.3 billion. The Company's objective is to continue to grow production, developing its stature as a leading diamond producer in all of the countries in which it operates.

In South Africa, Petra Diamonds has five producing mines - Cullinan, Koffiefontein, Helam, Sedibeng and Star. The Company has also reached agreement to acquire two further assets from De Beers - the Kimberley Underground mines, also in South Africa, and the Williamson mine in Tanzania. Petra Diamonds is on track to increase its annual production from 200,000 carats in the year to June 2008 to over 1 million carats in the year to June 2009. Complementing the Company's production is an exploration and development portfolio spread across the highly prospective diamond fields of Angola, Botswana and Sierra Leone. 

Petra Diamonds will only commit to working in countries which are members of the Kimberley Process and shareholders can remain assured that the Company's diamonds will only ever be 100% conflict free. Petra Diamonds is listed in London under the share code PDL and is AIM's largest diamond group by market capitalisation.

 

END

 

 

ACSGGMZMVVDGRZM