Notice of AGM

RNS Number : 1067D

Petra Diamonds Ld

26 November 2009

 



26 November 2009

AIM: PDL

Petra Diamonds Limited

("Petra Diamonds" or "the Company")

Annual Report and Notice of Annual General Meeting

Petra Diamonds announces that its Annual Report and Accounts for the financial year ended 30 June 2009 ("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 11:00am on Thursday 17 December 2009.

For further information, please contact:

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

Bobby Morse / James Strong	Telephone: [phone]
Buchanan Communications	[e-mail] [e-mail]

James Duncan / Nicola Taylor	Telephone: [phone]
Russell & Associates	[e-mail] [e-mail]

Mike Jones / Ryan Gaffney	Telephone: [phone]
Canaccord Adams	[e-mail] [e-mail]

About Petra Diamonds

Petra Diamonds is a leading supplier of rough diamonds. A number of acquisitions have established Petra as one of the world's largest independent diamond groups by resources, with a total resource base of 262 million carats. Petra increased its annual production fivefold in the year to June 2009 to over 1 million carats and the Company's objective is to continue to increase supply and develop its stature as a world-class diamond group.

In South Africa, Petra has interests in five producing mines - Cullinan, Koffiefontein, Helam, Sedibeng and Star - and has also agreed to acquire, from De Beers, the Kimberley Underground mines (this acquisition is expected to complete imminently). In Tanzania, Petra has an interest in the Williamson mine. These mines are noted for the production of valuable diamonds, but in particular the Cullinan mine is famed as the source of the largest rough gem diamond ever found. More recently an internally flawless, fancy vivid blue diamond of 7.03 carats from the Cullinan mine sold for US$9.4 million in May 2009, the highest price per carat ever paid for any gemstone sold at auction, and a white diamond of over 507 carats was recovered in September 2009. 

Petra conducts all its operations according to the highest ethical standards, and will only work in countries which are members of the Kimberley Process.

The Company is quoted on the AIM market of the London Stock Exchange (AIM: PDL).

www.petradiamonds.com

 

END

 

 

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