FY 2018 Trading Update & FY 2019 Market Guidance

RNS Number : 9186T

Petra Diamonds Limited

09 July 2018

 

9 July 2018

LSE: PDL

Petra Diamonds Limited

("Petra," the "Company")

Notification of FY 2018 Trading Update & FY 2019 Market Guidance

Petra Diamonds Limited announces that its forthcoming FY 2018 Trading Update and FY 2019 Market Guidance will be announced on Monday 23 July 2018.

A conference call to discuss the update with investors and analysts will be hosted at 9:30am BST on 23 July 2018 and a shorter conference call for international investors will be hosted later in the day at 4:00pm BST. Details of these calls will be included in the announcement and will be available on the Company's website.

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For further information, please contact:

Petra Diamonds, London                                         Telephone: [phone]

Cathy Malins                                                               [e-mail] 

Cornelia Grant

Marianna Bowes

Buchanan                                                                  Telephone: [phone]

(PR Adviser)                                                               [e-mail] 

Bobby Morse                                                              

About Petra Diamonds Limited

Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of 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 producing mine in Tanzania (Williamson).  It announced in July 2018 an agreement to dispose of its interest in the Kimberley Ekapa Mining JV in South Africa. It also maintains an exploration programme in Botswana and South Africa.

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 in excess of 300 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. For more information, visit www.petradiamonds.com.

 

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