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Petra Diamonds Ltd (PDL.L)

PDL.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Petra Diamonds Recovers 209.9 Carat Stone At Cullinan
Thursday, 18 Apr 2019 

April 18 (Reuters) - Petra Diamonds Ltd ::RECOVERY OF 209.9 CARAT STONE AT CULLINAN.HAS TODAY RECOVERED A 209.9 CARAT D COLOUR TYPE II GEM QUALITY DIAMOND AT ITS CULLINAN DIAMOND MINE.RECOVERY OF 209.9 CARAT TYPE II WHITE STONE IS THIRD +100CT TYPE II D COLOUR GEM QUALITY DIAMOND RECOVERED SINCE MARCH 2019.STONE IS EXPECTED TO BE SOLD DURING Q4 ENDING 30 JUNE 2019.  Full Article

Petra Diamonds Says Appointment Of New Chairman Not Considered "Appropriate" At This Time
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Petra Diamonds Ltd ::STATEMENT REGARDING VOTING AT NOVEMBER 2018 AGM.BOARD, NOMINATION COMMITTEE OF PETRA DIAMONDS LIMITED HAVE CONSIDERED 22.12% VOTE RECORDED AGAINST RE-ELECTION OF ADONIS POUROULIS AS CHAIRMAN.BOARD REAFFIRMED ASSESSMENT THAT CHAIRMAN "CONTINUES TO DEMONSTRATE INDEPENDENCE OF THOUGHT AND CHALLENGE REQUIRED FOR HIS ROLE".IN ORDER TO ENSURE CONTINUITY AND STABILITY OF LEADERSHIP, APPOINTMENT OF NEW CHAIRMAN IS NOT CONSIDERED APPROPRIATE AT THIS TIME.  Full Article

Aggregate Of Standard Life Aberdeen Raises Stake To 15.16 Pct From 11.56 Pct In Petra Diamonds - Filing
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Petra Diamonds Ltd ::AGGREGATE OF STANDARD LIFE ABERDEEN PLC RAISES STAKE TO 15.16 PERCENT FROM 11.56 PERCENT IN PETRA DIAMONDS LTD - FILING.  Full Article

Petra Diamonds Says Process To Find CEO Successor Is "Progressing"
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Petra Diamonds Ltd ::H1 REVENUE ROSE 8 PERCENT TO 207.1 MILLION USD.H1 PRODUCTION UP 10% TO 2,019,147 CARATS.FULL YEAR PRODUCTION GUIDANCE OF CA. 3.8 - 4.0 MCTS MAINTAINED.HY LOST TIME INJURY FREQUENCY RATE ("LTIFR") IMPROVED TO 0.16 (H1 FY 2018: 0.24).STRONG OPERATIONAL PERFORMANCE AT WILLIAMSON IN HY.CONTINUES TO EXPECT DIAMOND MARKET TO REMAIN STABLE FOR REMAINDER OF FY 2019..PETRA DIAMONDS - PROCESS TO FIND CEO SUCCESSOR IS PROGRESSING AND COMPANY EXPECTS TO MAKE AN ANNOUNCEMENT IN THIS REGARD DURING H2 FY 2019.HY NET DEBT OF US$557.2 MILLION (30 JUNE 2018: US$520.7 MILLION).  Full Article

Petra Diamonds Sells Helam Mining To Lindleys Mining
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Petra Diamonds Ltd ::PETRA DIAMONDS - DISPOSAL OF HELAM MINING.PETRA DIAMONDS LTD - PROPOSED DEAL FOR NOMINAL CONSIDERATION OF ZAR200 WITH IMMEDIATE EFFECT..PETRA DIAMONDS - ENTERED INTO SALE OF SHARES, CLAIMS AGREEMENT FOR DISPOSAL OF CO'S & ITS BEE PARTNERS' INTEREST IN HELAM MINING TO LINDLEYS MINING.PETRA DIAMONDS - LINDLEYS MINING WILL TAKE ON CO'S ENVIRONMENTAL OBLIGATIONS REGARDING HELAM ESTIMATED AT CA. ZAR23 MILLION EXCLUDING VAT (CA. $1.7 MILLION).  Full Article

Petra Diamonds Completion Disposal Of Interest In Kimberley Ekapa Mining JV
Wednesday, 5 Dec 2018 

Dec 5 (Reuters) - Petra Diamonds Ltd ::DISPOSAL OF INTEREST IN KIMBERLEY EKAPA MINING JV.COMPLETION OF DISPOSAL OF INTEREST IN KIMBERLEY EKAPA MINING JOINT VENTURE.  Full Article

Petra Diamonds On Track To Meet FY Production Forecast
Monday, 17 Sep 2018 

Sept 17 (Reuters) - Petra Diamonds Ltd ::FY REVENUE ROSE 25 PERCENT TO 495.3 MILLION USD.FY ADJUSTED EBITDA UP 37 PCT TO US$195.4 MILLION.TOTAL PRODUCTION OF 718,635 CARATS FOR JULY AND AUGUST.ON TRACK TO ACHIEVE PREVIOUSLY STATED GUIDANCE OF 3.8 - 4.0 MCTS FOR FY 2019.GRADES RECOVERED IN FY 2019 TO DATE ARE IN LINE WITH EXPECTATIONS.TOTAL FY 2019 ABSOLUTE ON-MINE CASH COSTS ARE EXPECTED TO REMAIN LARGELY FLAT COMPARED TO FY 2018 COSTS IN ZAR LOCAL CURRENCY.FY 2019 CAPEX (EXCLUDING CAPITALISED BORROWING COSTS) IS GUIDED AT CA. US$93 MILLION.NOTING TYPICAL SEASONAL WEAKNESS EXPERIENCED AT FIRST TENDER OF FY 2019, COMPANY EXPECTS PRICES TO BE BROADLY STABLE IN FY 2019..PETRA DIAMONDS-AS CO APPROACHES FINAL STAGE OF EXPANSION PLANS, SUCCESSOR FOR CEO WILL BE APPOINTED IN DUE COURSE.JOHAN DIPPENAAR WILL CONTINUE IN ROLE OF CEO UNTIL SUCCESSOR NAMED.  Full Article

Petra Diamonds Says CFO Jacques Breytenbach To As Finance Director
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Petra Diamonds Ltd ::H1 REVENUE 225.2 MILLION USD VERSUS 228.5 MILLION USD YEAR AGO.‍H1 ADJUSTED EBITDA US$80.1 MILLION​.‍HY NET DEBT OF US$644.7 MILLION​.H1 CAPEX DOWN 43% TO US$77.5 MILLION (H1 FY 2017: US$134.9 MILLION).CHIEF FINANCIAL OFFICER JACQUES BREYTENBACH TO JOIN BOARD AS FINANCE DIRECTOR, EFFECTIVE IMMEDIATELY.‍FY 2018 REVENUE EXPECTATIONS REMAIN IN LINE WITH CURRENT CONSENSUS​.‍DELIVERY OF PRODUCTION GUIDANCE OF 2.4 - 2.5 MCTS IN H2​.DIAMOND MARKETS STARTED TO STRENGTHEN BEFORE CALENDAR YEAR END FURTHER TO POSITIVE MOMENTUM AROUND FESTIVE SELLING SEASON.PETRA EXPECTS MARKET CONDITIONS TO REMAIN STABLE IN H2 FY 2018.H1 ‍PRODUCTION UP 10% TO 2,208,056 CARATS.H1 ‍BASIC LOSS PER SHARE $17.55 CENTS​.  Full Article

Petra Diamonds Says H1 Revenue Down 1 Pct To $225.2 Mln
Monday, 29 Jan 2018 

Jan 29 (Reuters) - Petra Diamonds Ltd ::H1 REVENUE FELL PERCENT TO 225.2 MILLION USD.‍HY PRODUCTION UP 10% TO 2,208,056 CARATS​.‍FY 2018 REVENUE EXPECTED TO REMAIN IN LINE WITH CURRENT CONSENSUS​.‍FY 2018 PRODUCTION GUIDANCE IS REDUCED TO 4.6 - 4.7 MCTS​.‍FY 2018 EBITDA IS EXPECTED TO BE NEGATIVELY AFFECTED BY CA. 10-15% VERSUS CURRENT CONSENSUS​.‍NET DEBT FOR 30 JUNE 2018 IS EXPECTED TO FALL TO US$560 - 600 MILLION​.‍PETRA EXPECTS TO BE IN BREACH OF 31 DECEMBER 2017 EBITDA RELATED COVENANT MEASUREMENT RATIOS ASSOCIATED WITH ITS BANKING FACILITIES​.‍COMMENCED FORMAL DISCUSSIONS WITH ITS LENDER GROUP, EVALUATING BOTH DECEMBER 2017 AND JUNE 2018 MEASUREMENTS​.  Full Article

Petra Diamonds says Q1 revenue down 17 pct to $78.7 mln
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Petra Diamonds Ltd ::Q1 REVENUE FELL 17 PERCENT TO 78.7 MILLION USD.‍DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 3% IN COMPARISON TO H2 FY 2017​.PETRA DIAMONDS LTD - ‍Q1 PRODUCTION DOWN 4% TO 1,053,817 CARATS (Q1 FY 2017: 1,097,523 CARATS)​.PETRA DIAMONDS - ‍NET DEBT AT 30 SEPTEMBER 2017 OF US$613.8 MILLION (30 JUNE 2017: US$555.3 MILLION).PETRA DIAMONDS LTD - ‍Q1 ROM PRODUCTION INCREASED 17% TO 842,809 CARATS (Q1 FY 2017: 720,475 CARATS)​.PETRA DIAMONDS LTD - ‍Q1 REVENUE DOWN 17% TO US$78.7 MILLION FROM 711,277 CARATS SOLD (Q1 FY 2017: US$94.7 MILLION FROM 745,447 CARATS SOLD)​.PETRA DIAMONDS LTD - ‍DIAMOND PRICES FOR Q1 ON A LIKE-FOR-LIKE BASIS WERE DOWN CA. 3% IN COMPARISON TO H2 FY 2017​.‍GROUP MAINTAINS FULL YEAR PRODUCTION GUIDANCE OF CA. 4.8 TO 5.0 MCTS​.‍"DIAMOND MARKET IS SHOWING SIGNS OF SEASONAL WEAKNESS"​.PETRA DIAMONDS - CULLINAN PLANT NOW FULLY OPERATIONAL, PLANT IS EXPECTED TO ACHIEVE NAMEPLATE CAPACITY OF 6 MTPA DURING H2 FY 2018​.  Full Article

CORRECTED-UPDATE 1-Petra sells 425-carat diamond recovered at Cullinan mine for $15 mln (May 14)

May 14 Petra Diamonds said on Tuesday it sold a 425-carat diamond, recovered at its flagship Cullinan mine in South Africa in March, to Belgium-based Stargems Group and Choron (Belgium) BVBA for $15 million, potentially helping it turn free cash flow positive this year.