Petra Diamonds

Last updated on 2017-08-07T13:07+0300.

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Petra Diamonds said : “Williamson ore is lower grade in comparison to our South African mines and this translated into a 3% increase in diamonds recovered, within our guidance range,” External link

rough-polished Wednesday, September 14, 2022 2:25:00 PM EAT

Petra Diamonds says ( about Petra Diamonds ) : “On behalf of the board, I would like to thank Matthew for his contribution to Petra during his tenure as a director and wish him every success in his future endeavours,” External link

miningweekly Tuesday, May 17, 2022 12:47:00 PM EAT

Petra Diamonds said : “Given the gross resource base of about 5.25 million carats as of 30 June 2021, including 1.11 million carats in the indicated resource category associated with underground resources, it may be feasible for another owner to extend the mine’s life,” External link

rough-polished Thursday, April 28, 2022 1:26:00 PM EAT

Petra Diamonds said : “This, coupled with our operational improvements driving margin and cash generation, supports a positive outlook for the business with the potential for further reductions in our debt levels,” External link

miningweekly Wednesday, April 20, 2022 3:39:00 PM EAT

Petra Diamonds said : “The sale of the remaining 20% of the volume of the fourth tender cycle, which is of comparable product mix, is scheduled to close on or around 7 March 2022 and the full sales results of the fourth tender cycle will be released shortly thereafter,” External link

rough-polished Monday, February 28, 2022 1:58:00 AM EAT

Petra Diamonds said : “We have benefitted from the recovery in rough diamond prices, record proceeds from the sale of Exceptional Stones, and the improvements we have made in our operations, resulting in significantly improved safety levels, profitability and cash flow,” External link

rough-polished Wednesday, February 23, 2022 2:27:00 AM EAT

Petra Diamonds said : “Jon has very broad experience across the mining and resources sectors, in operations, general management, finance and strategy, and has held Board positions with major companies, all of which will greatly assist in the strategic development of the Company,” External link

rough-polished Wednesday, February 9, 2022 8:41:00 PM EAT

Petra Diamonds commented : “This strong operating performance, together with proceeds from the sale of Exceptional Stones supported by a strong market delivering ongoing price increases, has raised profitability, further strengthened our balance sheet and improved our cash position, which sets us up well for the second half of FY 2022 and beyond” External link

thediamondloupe Tuesday, January 18, 2022 4:16:00 PM EAT

Petra Diamonds said : “These strong sales results are further evidence of the robust health of the diamond pipeline,” External link

rough-polished Friday, December 17, 2021 3:07:00 PM EAT

Petra Diamonds said : “The Issuer's audited financial statements have already been prepared and are expected to be audited and signed-off within the next fortnight at which point the financial statements will be published as required,” “The temporary suspension from the listing will be lifted immediately following such publication” External link

rough-polished Wednesday, November 3, 2021 12:42:00 PM EAT

Petra Diamonds said : “The company has delivered a very strong revenue result due to the contribution of exceptional stone sales, supported by the continued strength in the diamond market,” External link

rough-polished Tuesday, October 26, 2021 7:41:00 PM EAT

Petra Diamonds commented ( about Petra Diamonds ) : “Petra Diamonds has delivered a very strong revenue result due to the contribution of Exceptional Stone sales, supported by the continued strength in the diamond market. Production was lower than Q1 FY 2021, due to planned decreases in tonnages and grade as part of the strategy to mitigate the waste ingress at the Finsch mine, but a significant improvement over the previous quarter and remains on track to deliver full-year guidance” External link

thediamondloupe Tuesday, October 26, 2021 12:24:00 PM EAT

Petra Diamonds noted : "Type IIb blue diamonds are so rare that their age has not been established," "The boron that gives their blue colour has been linked to seawater suggesting that these diamonds are a record of rocks from the ocean floor that have been transported to the lower mantle by plate tectonics, where these diamonds formed under conditions of extreme pressure and temperature" External link

news24 Wednesday, June 2, 2021 1:30:00 PM EAT

Petra Diamonds said : "The Company, Board and Management are deeply concerned and saddened by the allegations, which relate to the treatment of illegal diggers and others on or around the Williamson mine site in Tanzania, by third-party security providers," External link

rough-polished Thursday, May 13, 2021 2:43:00 PM EAT

Petra Diamonds said : "We are seeing encouraging signs of a recovery in the diamond market, supporting better pricing, reflected in the third quarter revenue numbers," External link

rough-polished Wednesday, April 21, 2021 1:26:00 PM EAT

Petra Diamonds said : “The investigation is being undertaken by an external independent advisor, in conjunction with the company’s legal advisers,” External link

iol Wednesday, April 21, 2021 11:01:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "This is another significant sale for Petra Diamonds, following the sale of the Letlapa Tala Collection in November 2020, and a further endorsement of the quality of the Cullinan ore body which is known for its exceptional stones," External link

rough-polished Monday, March 8, 2021 1:45:00 PM EAT

Petra Diamonds said : “The allegations of human rights abuses relating to the security operations of the Williamson mine in Tanzania are deeply concerning to the executive management team and the board. The newly formed Tunajali Committee, comprised entirely of independent non-executive directors, is undertaking a review of the output of the ongoing external investigation into the allegations and will make recommendations to address any findings. The company intends to make a further announcement on these issues by the end of March 2021” External link

guardian Saturday, March 6, 2021 6:25:00 AM EAT

Petra Diamonds said : "Furthermore, the Williamson mine remains on care and maintenance, as has been the case since April 2020, and this situation remains under continual review," "The company is closely monitoring the impact of COVID-19 on its clients' ability to attend tenders and will continue its flexible approach in planning its upcoming sales events" External link

rough-polished Wednesday, February 17, 2021 1:53:00 AM EAT

Petra Diamonds said : "In the majority of cases (60 of the 79 incidents), no force was used despite the illegal diggers becoming aggressive in 8 of those 60 incidents," External link

rough-polished Friday, February 12, 2021 1:56:00 AM EAT

Petra Diamonds said : "Diamond pricing on a like-for-like basis increased by a further 8% at this tender, confirming that pricing has now returned to pre-COVID-19 levels," External link

rough-polished Friday, January 22, 2021 2:24:00 AM EAT

Petra Diamonds said : "However, the current resurgence of COVID-19 in many countries poses a significant risk to the logistics and timing of sales in H2 FY 2021," "Due to the ongoing uncertainty around the impact of COVID-19, production guidance for FY 2021 remains suspended. Furthermore, the Williamson mine remains on care and maintenance, as has been the case since April 2020; this situation remains under continual review" External link

rough-polished Friday, January 22, 2021 2:24:00 AM EAT

Petra Diamonds explained : “We lowered Hovermap down ore passes, flew the drone into drawpoints and even scanned our shaft and ramps by fixing the scanner to one of our vehicles. The visualization delivered exceeded all our expectations. The data captured in one ore pass saved us significant time and effort by confirming it was irreparable. That saved us millions” External link

azomining Monday, January 11, 2021 1:38:00 PM EAT

Petra Diamonds said : "The result of this special tender affirms the very high value placed on blue diamonds, which are undoubtedly one of nature's rarest treasures," External link

rough-polished Thursday, November 26, 2020 12:39:00 PM EAT

Petra Diamonds said : “The result of this special tender affirms the very high value placed on blue diamonds, which are undoubtedly one of nature’s rarest treasures,” External link

businessday Wednesday, November 25, 2020 1:02:00 PM EAT

Petra Diamonds says : “The result of this special tender affirms the very high value placed on blue diamonds, which are undoubtedly one of nature’s rarest treasures. "We believe this to be the first time that five rough blue diamonds of significant size, colour and clarity have been offered for sale at one time and we are delighted that the collection has been bought in its entirety,” External link

miningweekly Wednesday, November 25, 2020 11:16:00 AM EAT

Petra Diamonds said : “However, all participants in the industry recognise that risks to a sustained recovery remain, particularly in light of the current resurgence of COVID-19 in key diamond markets, and much will depend on the level of consumer activity in the coming months, especially in the major US market,” External link

rough-polished Wednesday, November 18, 2020 3:07:00 PM EAT

Petra Diamonds said : “All participants in the industry recognise that risks to a sustained recovery remain, particularly in light of the current resurgence of Covid-19 in key diamond markets,” External link

rough-polished Monday, November 16, 2020 1:57:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "The Board of Petra Diamonds finds the allegations of human rights abuses at the Williamson mine in Tanzania to be deeply concerning and is taking the matter extremely seriously," External link

wsau Thursday, November 12, 2020 11:38:00 AM EAT

Petra Diamonds said : "While the mines are generally operating at planned levels, there remain risks to production relating to the impact of the stringent COVID-19 measures in place," External link

iol Tuesday, October 27, 2020 11:55:00 PM EAT

Petra Diamonds said : “The diamond market has shown some modest improvement in financial year 2021 but there is still uncertainty around further disruption due to coronavirus- related restrictions,” External link

businessday Tuesday, October 27, 2020 5:41:00 PM EAT

Petra Diamonds said : “allowed for a better equilibrium in the market and there is now improved demand from the downstream as retailers look to put orders in place in time for the festive retail season” “The cutting and polishing factories of India have ramped up to about 60% capacity under Covid-19 guidelines, but are looking at how to maximise working hours to meet demand, including observing a much shorter holiday period for Diwali than usual” External link

businessday Tuesday, October 27, 2020 5:41:00 PM EAT

Petra Diamonds said : "The board believes the agreement in principle … provides the business with a stable, deleveraged capital structure that will ensure the short and long-term viability of the company," External link

rough-polished Wednesday, October 21, 2020 12:31:00 PM EAT

Petra Diamonds said : “The debt for equity as currently constituted is subject to the approval of existing shareholders of the company at an EGM of the company,” External link

businessday Tuesday, October 20, 2020 12:05:00 PM EAT

Petra Diamonds said : “This (agreement) now allows us to renew our focus on continuing to deliver operationally as we reposition the business in emerging from what has been a particularly challenging period,” External link

rough-polished Wednesday, October 7, 2020 1:06:00 PM EAT

Petra Diamonds comments : “We thank our partners in the NUM for their positive and constructive engagement that has resulted in this agreement. This now allows us to renew our focus on continuing to deliver operationally as we reposition the business in emerging from what has been a particularly challenging period,” External link

miningweekly Tuesday, October 6, 2020 6:44:00 PM EAT

Petra Diamonds said : “The last blue diamond of significance was recovered a year ago at the mine in September 2019 and it is therefore even more unusual to recover five high-quality stones around the same time, all in the space of one week’s production,” “Given the challenges presented by the COVID-19 pandemic, the company is maintaining a flexible approach to sales. It is therefore still evaluating the optimal route to market for the stones..” External link

rough-polished Monday, September 21, 2020 12:54:00 PM EAT

Petra Diamonds said : “Blue diamonds are so rare that there are no official statistics on their recovery,” External link

vanguardngr Friday, September 18, 2020 8:29:00 AM EAT

Petra Diamonds said : "Blue diamonds are so rare that there are no official statistics on their recovery," External link

eyewitness-news Thursday, September 17, 2020 2:06:00 AM EAT

Petra Diamonds said : “These finds, whilst a positive development, will not have a material impact on the likely terms of the required long-term solution to improve the group’s capital structure, nor the significant level of equity dilution that existing shareholders are likely to experience in connection with its implementation,” External link

news24 Wednesday, September 16, 2020 8:32:00 PM EAT

Petra Diamonds said : "Blue diamonds are so rare that there are no official statistics on their recovery," External link

theCitizen Wednesday, September 16, 2020 8:32:00 PM EAT

Petra Diamonds explique : «Les diamants bleus sont si rares qu’il n’existe pas de statistiques officielles à leur sujet» External link

24heures Wednesday, September 16, 2020 7:57:00 PM EAT

Petra Diamonds said : “These finds, whilst a positive development, will not have a material impact on the likely terms of the required long-term solution to improve the group’s capital structure, nor the significant level of equity dilution that existing shareholders are likely to experience in connection with its implementation,” External link

iol Wednesday, September 16, 2020 7:06:00 PM EAT

Petra Diamonds said : "Blue diamonds are so rare that there are no official statistics on their recovery," External link

afp-en Wednesday, September 16, 2020 6:06:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “The claims are understood to allege that Petra and WDL are liable for human rights violations, personal injuries and deaths suffered by these anonymous individuals at and surrounding the mine, arising from the mine’s security operations,” External link

pressandjournal Wednesday, September 9, 2020 7:31:00 PM EAT

Petra Diamonds said : “It will also allow for a fuller update to the company’s stakeholders with regards to developments in the strategic review currently underway to evaluate an optimal long-term capital structure for the business,” External link

rough-polished Wednesday, August 12, 2020 1:44:00 AM EAT

Petra Diamonds said : “Despite our robust underlying business, significantly reduced revenues that are the result of a disrupted diamond market have required us to formally engage with our note holders and consider other strategic options to deliver a more sustainable capital structure going forward,” External link

rough-polished Friday, July 24, 2020 1:06:00 PM EAT

Petra Diamonds said : “voluntary ban on importing rough diamonds into the cutting and polishing factories of India in June, which has been extended for the majority of July, in addition to which many factories remain closed or operating at much reduced capacity” External link

businessday Thursday, July 23, 2020 2:21:00 PM EAT

Petra Diamonds said : “This disposal forms part of our strategy to focus on driving efficiencies from our high quality producing mines, but allows us to maintain upside to potential future commercial production from the Botswana assets, particularly from the KX36 deposit,” External link

rough-polished Monday, July 20, 2020 1:18:00 PM EAT

Petra Diamonds said : “This disposal forms part of our strategy to focus on driving efficiencies from our high-quality producing mines, but allows us to maintain upside to potential future commercial production from the Botswana assets, particularly from the KX36 deposit,” External link

businessday Monday, July 20, 2020 12:51:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “It is currently expected that any party interested in participating in the formal sale process will receive certain publicly available information on Petra as part of Phase One, following which interested parties shall be invited to submit their proposals to Rothschild & Co,” “Upon receipt of any proposals, the company and its advisers will determine (at their sole discretion) whether to progress any interested parties into a formal Phase Two sale process” External link

rough-polished Wednesday, July 1, 2020 12:50:00 PM EAT

Petra Diamonds said : “Our operations continued their strong H1 performance into Q3, in large part due to the delivery of throughput benefits further to the positive implementation of Project 2022, prior to the disruptions caused by the outbreak of COVID-19,” External link

rough-polished Wednesday, June 3, 2020 1:39:00 AM EAT

Petra Diamonds said : "The company will look to resume operations once diamond prices are at a level that makes it operationally sustainable," External link

allafrica Saturday, May 16, 2020 1:10:00 PM EAT

Petra Diamonds said : “This decision is necessary to preserve the Williamson mine’s cash position in order to protect the long-term sustainability of the operation,” “The company will look to resume operations once diamond prices are at a level that make it operationally sustainable” External link

rough-polished Monday, April 13, 2020 2:29:00 PM EAT

Petra Diamonds said : “Given the unprecedented trading conditions, we are taking all steps necessary to preserve the company’s liquidity position in order to withstand this very difficult period until market conditions improve,” External link

rough-polished Monday, April 13, 2020 2:29:00 PM EAT

Petra Diamonds noted : “severely depressed and opportunistic bidding for its goods, particularly in the larger size and higher quality, greater value categories” External link

businessday Monday, March 30, 2020 1:58:00 PM EAT

Petra Diamonds said : “Activity across the diamond pipeline is therefore expected to reduce until the virus is brought under control,” External link

businessday Monday, February 17, 2020 4:14:00 PM EAT

Petra Diamonds noted : “Supply discipline by the major diamond producers, combined with increased advertising spend targeting the festive retail season, is expected to help establish a balance of supply and demand in the midstream,” External link

miningweekly Monday, October 21, 2019 11:40:00 AM EAT

Petra Diamonds said : "We are executing our plans and delivering to budget as we launch Project 2022. We expect that this will deliver significant incremental cashflow over the next three years, further improve our net debt position and provide us with future growth options" External link

rough-polished Thursday, August 1, 2019 11:54:00 AM EAT

Petra Diamonds said : "The focus in the short term is on driving efficiencies across the business through Project 2022 to provide a stable, consistent operating platform off which to drive improvements, supported by an appropriate organisational structure and cost base to enhance our cash flow generation and significantly reduce our net debt," External link

thediamondloupe Tuesday, July 23, 2019 3:55:00 PM EAT

Petra Diamonds said : “Polished diamond demand and prices were weaker as the market was challenged by higher than normal polished inventories and tightening cutting-centre bank credit,” External link

iol Monday, July 22, 2019 4:38:00 PM EAT

Petra Diamonds said : "Polished diamond demand and prices were weaker as the market was challenged by higher than normal polished inventories and tightening cutting-centre bank credit," External link

4-traders Monday, July 22, 2019 2:12:00 PM EAT

Petra Diamonds said : "Polished diamond demand and prices were weaker as the market was challenged by higher than normal polished inventories and tightening cutting-centre bank credit," External link

4-traders Monday, July 22, 2019 11:47:00 AM EAT

Petra Diamonds said : “I am pleased with the incremental improvement in operational performance at Cullinan, Koffiefontein and Williamson and despite a challenging January, Finsch’s performance through February and March is as expected,” External link

rough-polished Tuesday, April 16, 2019 3:02:00 AM EAT

Petra Diamonds said : “These recoveries demonstrate the prevalence of these types of stones in the Cullinan orebody as well as the ability of the mine’s plant to recover the full spectrum of diamonds,” External link

rough-polished Tuesday, March 12, 2019 3:55:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "an impressive depth of global mining experience which we believe will be critical to driving Petra’s transition from a phase of intensive capital expenditure and expansion to a focus on steady-state, cash-generative operations," External link

thediamondloupe Monday, February 18, 2019 4:15:00 PM EAT

Petra Diamonds commented : “We are deeply grateful to Johan Dippenaar for all of the work he has done over the past 14 years to lead Petra through a long period of significant growth and establishing the company as a leading independent diamond producer,” External link

miningweekly Monday, February 18, 2019 4:13:00 PM EAT

Petra Diamonds said : "It’s been a long time coming, it’s something we have always envisaged," External link

businessday Sunday, December 9, 2018 10:24:00 AM EAT

Petra Diamonds said : “The completion of the disposal is in line with the company’s strategic priorities which include the ongoing review of the asset portfolio in order to maximise return on capital and ensure that all assets are in a position to contribute positive cash flow to the business,” External link

rough-polished Friday, December 7, 2018 3:23:00 PM EAT

Petra Diamonds said : “A likely breach of the 31 December 2017 EBITDA covenant measurement ratios has been flagged to the lender group and the company will remain in regular engagement with them on this matter,” External link

miningnews Monday, October 9, 2017 1:00:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “Petra will monitor the situation very closely and take decisive action if required to preserve shareholder value,” External link

thediamondloupe Monday, September 18, 2017 11:43:00 AM EAT

Petra Diamonds stated ( about Petra Diamonds ) : “The Williamson mine is held 75% by Petra and 25% by the government of the United Republic of Tanzania, and Petra confirms that all operations related to the mine are conducted in a transparent manner and in full compliance with legislation in Tanzania and the Kimberley Process,” External link

miningweekly Monday, September 11, 2017 2:07:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
miner54.17%EN07/24/201724/07/2017
master4.17%EN02/09/201709/02/2017
producer8.33%EN12/15/201615/12/2016
rival8.33%EN10/14/201614/10/2016
operator25.00%EN01/26/201526/01/2015
Names Lang Count
Petra DiamondsEN89.22%
PETRA DiamondsEN9.91%
Petra DiamondsFR0.43%
Petra DiamondsDE0.43%
Petra DiamondsAR0.00%


 
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Richard Duffy said ( about Petra Diamonds ) : “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen,” “The significant interest shown at Tender 6 bears testament to the ongoing strength of the rough diamond market” External link

mining Thursday, June 30, 2022 6:40:00 PM EAT

Richard Duffy says ( about Petra Diamonds ) : “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen. The significant interest shown at Tender 6 bears testament to the ongoing strength of the rough diamond market. "We have seen pricing support across our product mix, with particular strength in the prices of both white and coloured gem-quality stones over the last 12 months,” External link

miningweekly Thursday, June 30, 2022 4:16:00 PM EAT

Petra Diamonds says ( about Petra Diamonds ) : “On behalf of the board, I would like to thank Matthew for his contribution to Petra during his tenure as a director and wish him every success in his future endeavours,” External link

miningweekly Tuesday, May 17, 2022 12:47:00 PM EAT

Petra Diamonds commented ( about Petra Diamonds ) : “Petra Diamonds has delivered a very strong revenue result due to the contribution of Exceptional Stone sales, supported by the continued strength in the diamond market. Production was lower than Q1 FY 2021, due to planned decreases in tonnages and grade as part of the strategy to mitigate the waste ingress at the Finsch mine, but a significant improvement over the previous quarter and remains on track to deliver full-year guidance” External link

thediamondloupe Tuesday, October 26, 2021 12:24:00 PM EAT

Richard Duffy said ( about Petra Diamonds ) : “Post completion of the capital restructuring, Petra is in a far stronger position, with a solid platform for future growth and development,” External link

iol Wednesday, April 21, 2021 11:01:00 AM EAT

Anneke van Woudenberg said ( about Petra Diamonds ) : “Deliberately altering ammunition to cause indiscriminate injury, even death, to local residents raises serious questions about Petra Diamonds’ oversight of security at its diamond mine in Tanzania,” External link

mining Thursday, March 25, 2021 9:14:00 PM EAT

Anneke van Woudenberg said ( about Petra Diamonds ) : “Deliberately altering ammunition to cause indiscriminate injury, even death, to local residents raises serious questions about Petra Diamonds’ oversight of security at its diamond mine in Tanzania,” External link

brasil-infomine Thursday, March 25, 2021 8:12:00 PM EAT

Anneke van Woudenberg said ( about Petra Diamonds ) : “Deliberately altering ammunition to cause indiscriminate injury, even death, to local residents raises serious questions about Petra Diamonds’ oversight of security at its diamond mine in Tanzania,” External link

brasil-infomine Thursday, March 25, 2021 6:08:00 PM EAT

Peel Hunt said ( about Petra Diamonds ) : "With Petra Diamond's restructuring now complete, we believe it is very well positioned to benefit from what has so far been a rapid recovery of the diamond market," External link

allafrica Monday, March 15, 2021 5:18:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "This is another significant sale for Petra Diamonds, following the sale of the Letlapa Tala Collection in November 2020, and a further endorsement of the quality of the Cullinan ore body which is known for its exceptional stones," External link

rough-polished Monday, March 8, 2021 1:45:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : "The Board of Petra Diamonds finds the allegations of human rights abuses at the Williamson mine in Tanzania to be deeply concerning and is taking the matter extremely seriously," External link

wsau Thursday, November 12, 2020 11:38:00 AM EAT

Richard Duffy said ( about Petra Diamonds ) : “Today is an important milestone for Petra, and we will continue to work constructively with our financial stakeholders to convert the agreement in principle into legally binding agreements and implement the restructuring,” External link

businessday Tuesday, October 20, 2020 12:05:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “The claims are understood to allege that Petra and WDL are liable for human rights violations, personal injuries and deaths suffered by these anonymous individuals at and surrounding the mine, arising from the mine’s security operations,” External link

pressandjournal Wednesday, September 9, 2020 7:31:00 PM EAT

Anneke van Woudenberg said ( about Petra Diamonds ) : “Petra’s claim that its diamonds are ethical is meaningless if it does not clearly demonstrate that it has resolved these very serious human rights concerns and takes urgent steps to halt such abuses from happening again,” External link

pressandjournal Wednesday, September 9, 2020 7:31:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “It is currently expected that any party interested in participating in the formal sale process will receive certain publicly available information on Petra as part of Phase One, following which interested parties shall be invited to submit their proposals to Rothschild & Co,” “Upon receipt of any proposals, the company and its advisers will determine (at their sole discretion) whether to progress any interested parties into a formal Phase Two sale process” External link

rough-polished Wednesday, July 1, 2020 12:50:00 PM EAT

Peter Hill commented ( about Petra Diamonds ) : "I am honoured and privileged to be appointed Chairman-designate of Petra Diamonds. I look forward greatly to working with the Board, as well as with Richard and his executive team, in taking Petra forward to the next stage of its development" External link

4-traders Tuesday, December 17, 2019 10:47:00 AM EAT

Richard Duffy said ( about Petra Diamonds ) : "We regard this initiative as yet another milestone in the Petra legacy and we welcome the KCM artisanal miners as partners in our industry to complement our own operations and extract optimal benefit from the diamond reserves in Koffiefontein," External link

thediamondloupe Tuesday, November 5, 2019 7:29:00 PM EAT

Richard Duffy said ( about Petra Diamonds ) : “We regard this initiative as yet another milestone in the Petra legacy and we welcome the Koffiefontein Community Mining Primary Cooperative as partners in our industry to complement our own operations and extract optimal benefit from the diamond reserves in Koffiefontein,” External link

mining Thursday, October 31, 2019 7:06:00 PM EAT

Richard Duffy said ( about Petra Diamonds ) : “We regard this initiative as yet another milestone in the Petra legacy and welcome the KCM artisanal miners as partners in our industry to complement our own operations and extract optimal benefit from the diamond reserves in Koffiefontein. We wish KCM all of the best with this venture, and thank our government and community partners for their continued support of both the project and the KCM” External link

miningnews Thursday, October 31, 2019 6:54:00 PM EAT

Richard Duffy said ( about Petra Diamonds ) : “In the short term, we remain firmly focused on the rigorous execution of Project 2022, which is expected to reduce the company’s high net debt levels, against this backdrop of a challenging diamond market,” “Addressing this leverage will enable us to capture future organic growth opportunities and reposition Petra as the leading mid-tier diamond producer” External link

investingnews Wednesday, September 18, 2019 4:28:00 AM EAT

Richard Duffy said ( about Petra Diamonds ) : “In the short term, we remain firmly focused on the rigorous execution of Project 2022, which is expected to reduce the Company’s high net debt levels, against this backdrop of a challenging diamond market. Addressing this leverage will enable us to capture future organic growth opportunities and reposition Petra as the leading mid-tier diamond producer” External link

cityam Monday, September 16, 2019 11:30:00 AM EAT

Richard Duffy said ( about Petra Diamonds ) : “Petra delivered solid results in both a difficult market and during its continued transition from a period of high capital investment to a steady state operational phase,” External link

investingnews Wednesday, July 31, 2019 9:22:00 AM EAT

Johan Dippenaar said ( about Petra Diamonds ) : “Petra has delivered solid production in the first half of FY 2019 underpinned by a continued improvement in safety performance,” “We are seeing production reaching consistent levels while our focus remains on the delivery of operational and CAPEX efficiencies in order to generate positive free cashflow and subsequent debt reduction” External link

investingnews Tuesday, March 12, 2019 2:57:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "an impressive depth of global mining experience which we believe will be critical to driving Petra’s transition from a phase of intensive capital expenditure and expansion to a focus on steady-state, cash-generative operations," External link

thediamondloupe Monday, February 18, 2019 4:15:00 PM EAT

Johan Dippenaar said ( about Petra Diamonds ) : “The reduction in Petra’s net debt remains a priority,” External link

businessday Monday, February 18, 2019 3:12:00 PM EAT

Johan Dippenaar said ( about Petra Diamonds ) : “We continued to see production reaching consistent levels as Petra’s main underground expansion projects are nearing completion,” External link

businessday Monday, February 18, 2019 3:12:00 PM EAT

Richard Duffy commented ( about Petra Diamonds ) : "I am delighted to have been appointed CEO of Petra Diamonds. I look forward to working with a very capable team that has grown the business and laid the foundations for delivering on the recent capital investment programme" External link

4-traders Monday, February 18, 2019 2:42:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “Petra will monitor the situation very closely and take decisive action if required to preserve shareholder value,” External link

thediamondloupe Monday, September 18, 2017 11:43:00 AM EAT

Petra Diamonds stated ( about Petra Diamonds ) : “The Williamson mine is held 75% by Petra and 25% by the government of the United Republic of Tanzania, and Petra confirms that all operations related to the mine are conducted in a transparent manner and in full compliance with legislation in Tanzania and the Kimberley Process,” External link

miningweekly Monday, September 11, 2017 2:07:00 PM EAT

AfricaBrief

Petra Diamonds

Last updated on 2017-08-07T13:07+0300.

About this image

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Quotes... Extracted quotes from

Petra Diamonds said : “Williamson ore is lower grade in comparison to our South African mines and this translated into a 3% increase in diamonds recovered, within our guidance range,” External link

rough-polished Wednesday, September 14, 2022 2:25:00 PM EAT

Petra Diamonds says ( about Petra Diamonds ) : “On behalf of the board, I would like to thank Matthew for his contribution to Petra during his tenure as a director and wish him every success in his future endeavours,” External link

miningweekly Tuesday, May 17, 2022 12:47:00 PM EAT

Petra Diamonds said : “Given the gross resource base of about 5.25 million carats as of 30 June 2021, including 1.11 million carats in the indicated resource category associated with underground resources, it may be feasible for another owner to extend the mine’s life,” External link

rough-polished Thursday, April 28, 2022 1:26:00 PM EAT

Petra Diamonds said : “This, coupled with our operational improvements driving margin and cash generation, supports a positive outlook for the business with the potential for further reductions in our debt levels,” External link

miningweekly Wednesday, April 20, 2022 3:39:00 PM EAT

Petra Diamonds said : “The sale of the remaining 20% of the volume of the fourth tender cycle, which is of comparable product mix, is scheduled to close on or around 7 March 2022 and the full sales results of the fourth tender cycle will be released shortly thereafter,” External link

rough-polished Monday, February 28, 2022 1:58:00 AM EAT

Petra Diamonds said : “We have benefitted from the recovery in rough diamond prices, record proceeds from the sale of Exceptional Stones, and the improvements we have made in our operations, resulting in significantly improved safety levels, profitability and cash flow,” External link

rough-polished Wednesday, February 23, 2022 2:27:00 AM EAT

Petra Diamonds said : “Jon has very broad experience across the mining and resources sectors, in operations, general management, finance and strategy, and has held Board positions with major companies, all of which will greatly assist in the strategic development of the Company,” External link

rough-polished Wednesday, February 9, 2022 8:41:00 PM EAT

Petra Diamonds commented : “This strong operating performance, together with proceeds from the sale of Exceptional Stones supported by a strong market delivering ongoing price increases, has raised profitability, further strengthened our balance sheet and improved our cash position, which sets us up well for the second half of FY 2022 and beyond” External link

thediamondloupe Tuesday, January 18, 2022 4:16:00 PM EAT

Petra Diamonds said : “These strong sales results are further evidence of the robust health of the diamond pipeline,” External link

rough-polished Friday, December 17, 2021 3:07:00 PM EAT

Petra Diamonds said : “The Issuer's audited financial statements have already been prepared and are expected to be audited and signed-off within the next fortnight at which point the financial statements will be published as required,” “The temporary suspension from the listing will be lifted immediately following such publication” External link

rough-polished Wednesday, November 3, 2021 12:42:00 PM EAT

Petra Diamonds said : “The company has delivered a very strong revenue result due to the contribution of exceptional stone sales, supported by the continued strength in the diamond market,” External link

rough-polished Tuesday, October 26, 2021 7:41:00 PM EAT

Petra Diamonds commented ( about Petra Diamonds ) : “Petra Diamonds has delivered a very strong revenue result due to the contribution of Exceptional Stone sales, supported by the continued strength in the diamond market. Production was lower than Q1 FY 2021, due to planned decreases in tonnages and grade as part of the strategy to mitigate the waste ingress at the Finsch mine, but a significant improvement over the previous quarter and remains on track to deliver full-year guidance” External link

thediamondloupe Tuesday, October 26, 2021 12:24:00 PM EAT

Petra Diamonds noted : "Type IIb blue diamonds are so rare that their age has not been established," "The boron that gives their blue colour has been linked to seawater suggesting that these diamonds are a record of rocks from the ocean floor that have been transported to the lower mantle by plate tectonics, where these diamonds formed under conditions of extreme pressure and temperature" External link

news24 Wednesday, June 2, 2021 1:30:00 PM EAT

Petra Diamonds said : "The Company, Board and Management are deeply concerned and saddened by the allegations, which relate to the treatment of illegal diggers and others on or around the Williamson mine site in Tanzania, by third-party security providers," External link

rough-polished Thursday, May 13, 2021 2:43:00 PM EAT

Petra Diamonds said : "We are seeing encouraging signs of a recovery in the diamond market, supporting better pricing, reflected in the third quarter revenue numbers," External link

rough-polished Wednesday, April 21, 2021 1:26:00 PM EAT

Petra Diamonds said : “The investigation is being undertaken by an external independent advisor, in conjunction with the company’s legal advisers,” External link

iol Wednesday, April 21, 2021 11:01:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "This is another significant sale for Petra Diamonds, following the sale of the Letlapa Tala Collection in November 2020, and a further endorsement of the quality of the Cullinan ore body which is known for its exceptional stones," External link

rough-polished Monday, March 8, 2021 1:45:00 PM EAT

Petra Diamonds said : “The allegations of human rights abuses relating to the security operations of the Williamson mine in Tanzania are deeply concerning to the executive management team and the board. The newly formed Tunajali Committee, comprised entirely of independent non-executive directors, is undertaking a review of the output of the ongoing external investigation into the allegations and will make recommendations to address any findings. The company intends to make a further announcement on these issues by the end of March 2021” External link

guardian Saturday, March 6, 2021 6:25:00 AM EAT

Petra Diamonds said : "Furthermore, the Williamson mine remains on care and maintenance, as has been the case since April 2020, and this situation remains under continual review," "The company is closely monitoring the impact of COVID-19 on its clients' ability to attend tenders and will continue its flexible approach in planning its upcoming sales events" External link

rough-polished Wednesday, February 17, 2021 1:53:00 AM EAT

Petra Diamonds said : "In the majority of cases (60 of the 79 incidents), no force was used despite the illegal diggers becoming aggressive in 8 of those 60 incidents," External link

rough-polished Friday, February 12, 2021 1:56:00 AM EAT

Petra Diamonds said : "Diamond pricing on a like-for-like basis increased by a further 8% at this tender, confirming that pricing has now returned to pre-COVID-19 levels," External link

rough-polished Friday, January 22, 2021 2:24:00 AM EAT

Petra Diamonds said : "However, the current resurgence of COVID-19 in many countries poses a significant risk to the logistics and timing of sales in H2 FY 2021," "Due to the ongoing uncertainty around the impact of COVID-19, production guidance for FY 2021 remains suspended. Furthermore, the Williamson mine remains on care and maintenance, as has been the case since April 2020; this situation remains under continual review" External link

rough-polished Friday, January 22, 2021 2:24:00 AM EAT

Petra Diamonds explained : “We lowered Hovermap down ore passes, flew the drone into drawpoints and even scanned our shaft and ramps by fixing the scanner to one of our vehicles. The visualization delivered exceeded all our expectations. The data captured in one ore pass saved us significant time and effort by confirming it was irreparable. That saved us millions” External link

azomining Monday, January 11, 2021 1:38:00 PM EAT

Petra Diamonds said : "The result of this special tender affirms the very high value placed on blue diamonds, which are undoubtedly one of nature's rarest treasures," External link

rough-polished Thursday, November 26, 2020 12:39:00 PM EAT

Petra Diamonds said : “The result of this special tender affirms the very high value placed on blue diamonds, which are undoubtedly one of nature’s rarest treasures,” External link

businessday Wednesday, November 25, 2020 1:02:00 PM EAT

Petra Diamonds says : “The result of this special tender affirms the very high value placed on blue diamonds, which are undoubtedly one of nature’s rarest treasures. "We believe this to be the first time that five rough blue diamonds of significant size, colour and clarity have been offered for sale at one time and we are delighted that the collection has been bought in its entirety,” External link

miningweekly Wednesday, November 25, 2020 11:16:00 AM EAT

Petra Diamonds said : “However, all participants in the industry recognise that risks to a sustained recovery remain, particularly in light of the current resurgence of COVID-19 in key diamond markets, and much will depend on the level of consumer activity in the coming months, especially in the major US market,” External link

rough-polished Wednesday, November 18, 2020 3:07:00 PM EAT

Petra Diamonds said : “All participants in the industry recognise that risks to a sustained recovery remain, particularly in light of the current resurgence of Covid-19 in key diamond markets,” External link

rough-polished Monday, November 16, 2020 1:57:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "The Board of Petra Diamonds finds the allegations of human rights abuses at the Williamson mine in Tanzania to be deeply concerning and is taking the matter extremely seriously," External link

wsau Thursday, November 12, 2020 11:38:00 AM EAT

Petra Diamonds said : "While the mines are generally operating at planned levels, there remain risks to production relating to the impact of the stringent COVID-19 measures in place," External link

iol Tuesday, October 27, 2020 11:55:00 PM EAT

Petra Diamonds said : “The diamond market has shown some modest improvement in financial year 2021 but there is still uncertainty around further disruption due to coronavirus- related restrictions,” External link

businessday Tuesday, October 27, 2020 5:41:00 PM EAT

Petra Diamonds said : “allowed for a better equilibrium in the market and there is now improved demand from the downstream as retailers look to put orders in place in time for the festive retail season” “The cutting and polishing factories of India have ramped up to about 60% capacity under Covid-19 guidelines, but are looking at how to maximise working hours to meet demand, including observing a much shorter holiday period for Diwali than usual” External link

businessday Tuesday, October 27, 2020 5:41:00 PM EAT

Petra Diamonds said : "The board believes the agreement in principle … provides the business with a stable, deleveraged capital structure that will ensure the short and long-term viability of the company," External link

rough-polished Wednesday, October 21, 2020 12:31:00 PM EAT

Petra Diamonds said : “The debt for equity as currently constituted is subject to the approval of existing shareholders of the company at an EGM of the company,” External link

businessday Tuesday, October 20, 2020 12:05:00 PM EAT

Petra Diamonds said : “This (agreement) now allows us to renew our focus on continuing to deliver operationally as we reposition the business in emerging from what has been a particularly challenging period,” External link

rough-polished Wednesday, October 7, 2020 1:06:00 PM EAT

Petra Diamonds comments : “We thank our partners in the NUM for their positive and constructive engagement that has resulted in this agreement. This now allows us to renew our focus on continuing to deliver operationally as we reposition the business in emerging from what has been a particularly challenging period,” External link

miningweekly Tuesday, October 6, 2020 6:44:00 PM EAT

Petra Diamonds said : “The last blue diamond of significance was recovered a year ago at the mine in September 2019 and it is therefore even more unusual to recover five high-quality stones around the same time, all in the space of one week’s production,” “Given the challenges presented by the COVID-19 pandemic, the company is maintaining a flexible approach to sales. It is therefore still evaluating the optimal route to market for the stones..” External link

rough-polished Monday, September 21, 2020 12:54:00 PM EAT

Petra Diamonds said : “Blue diamonds are so rare that there are no official statistics on their recovery,” External link

vanguardngr Friday, September 18, 2020 8:29:00 AM EAT

Petra Diamonds said : "Blue diamonds are so rare that there are no official statistics on their recovery," External link

eyewitness-news Thursday, September 17, 2020 2:06:00 AM EAT

Petra Diamonds said : “These finds, whilst a positive development, will not have a material impact on the likely terms of the required long-term solution to improve the group’s capital structure, nor the significant level of equity dilution that existing shareholders are likely to experience in connection with its implementation,” External link

news24 Wednesday, September 16, 2020 8:32:00 PM EAT

Petra Diamonds said : "Blue diamonds are so rare that there are no official statistics on their recovery," External link

theCitizen Wednesday, September 16, 2020 8:32:00 PM EAT

Petra Diamonds explique : «Les diamants bleus sont si rares qu’il n’existe pas de statistiques officielles à leur sujet» External link

24heures Wednesday, September 16, 2020 7:57:00 PM EAT

Petra Diamonds said : “These finds, whilst a positive development, will not have a material impact on the likely terms of the required long-term solution to improve the group’s capital structure, nor the significant level of equity dilution that existing shareholders are likely to experience in connection with its implementation,” External link

iol Wednesday, September 16, 2020 7:06:00 PM EAT

Petra Diamonds said : "Blue diamonds are so rare that there are no official statistics on their recovery," External link

afp-en Wednesday, September 16, 2020 6:06:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “The claims are understood to allege that Petra and WDL are liable for human rights violations, personal injuries and deaths suffered by these anonymous individuals at and surrounding the mine, arising from the mine’s security operations,” External link

pressandjournal Wednesday, September 9, 2020 7:31:00 PM EAT

Petra Diamonds said : “It will also allow for a fuller update to the company’s stakeholders with regards to developments in the strategic review currently underway to evaluate an optimal long-term capital structure for the business,” External link

rough-polished Wednesday, August 12, 2020 1:44:00 AM EAT

Petra Diamonds said : “Despite our robust underlying business, significantly reduced revenues that are the result of a disrupted diamond market have required us to formally engage with our note holders and consider other strategic options to deliver a more sustainable capital structure going forward,” External link

rough-polished Friday, July 24, 2020 1:06:00 PM EAT

Petra Diamonds said : “voluntary ban on importing rough diamonds into the cutting and polishing factories of India in June, which has been extended for the majority of July, in addition to which many factories remain closed or operating at much reduced capacity” External link

businessday Thursday, July 23, 2020 2:21:00 PM EAT

Petra Diamonds said : “This disposal forms part of our strategy to focus on driving efficiencies from our high quality producing mines, but allows us to maintain upside to potential future commercial production from the Botswana assets, particularly from the KX36 deposit,” External link

rough-polished Monday, July 20, 2020 1:18:00 PM EAT

Petra Diamonds said : “This disposal forms part of our strategy to focus on driving efficiencies from our high-quality producing mines, but allows us to maintain upside to potential future commercial production from the Botswana assets, particularly from the KX36 deposit,” External link

businessday Monday, July 20, 2020 12:51:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “It is currently expected that any party interested in participating in the formal sale process will receive certain publicly available information on Petra as part of Phase One, following which interested parties shall be invited to submit their proposals to Rothschild & Co,” “Upon receipt of any proposals, the company and its advisers will determine (at their sole discretion) whether to progress any interested parties into a formal Phase Two sale process” External link

rough-polished Wednesday, July 1, 2020 12:50:00 PM EAT

Petra Diamonds said : “Our operations continued their strong H1 performance into Q3, in large part due to the delivery of throughput benefits further to the positive implementation of Project 2022, prior to the disruptions caused by the outbreak of COVID-19,” External link

rough-polished Wednesday, June 3, 2020 1:39:00 AM EAT

Petra Diamonds said : "The company will look to resume operations once diamond prices are at a level that makes it operationally sustainable," External link

allafrica Saturday, May 16, 2020 1:10:00 PM EAT

Petra Diamonds said : “This decision is necessary to preserve the Williamson mine’s cash position in order to protect the long-term sustainability of the operation,” “The company will look to resume operations once diamond prices are at a level that make it operationally sustainable” External link

rough-polished Monday, April 13, 2020 2:29:00 PM EAT

Petra Diamonds said : “Given the unprecedented trading conditions, we are taking all steps necessary to preserve the company’s liquidity position in order to withstand this very difficult period until market conditions improve,” External link

rough-polished Monday, April 13, 2020 2:29:00 PM EAT

Petra Diamonds noted : “severely depressed and opportunistic bidding for its goods, particularly in the larger size and higher quality, greater value categories” External link

businessday Monday, March 30, 2020 1:58:00 PM EAT

Petra Diamonds said : “Activity across the diamond pipeline is therefore expected to reduce until the virus is brought under control,” External link

businessday Monday, February 17, 2020 4:14:00 PM EAT

Petra Diamonds noted : “Supply discipline by the major diamond producers, combined with increased advertising spend targeting the festive retail season, is expected to help establish a balance of supply and demand in the midstream,” External link

miningweekly Monday, October 21, 2019 11:40:00 AM EAT

Petra Diamonds said : "We are executing our plans and delivering to budget as we launch Project 2022. We expect that this will deliver significant incremental cashflow over the next three years, further improve our net debt position and provide us with future growth options" External link

rough-polished Thursday, August 1, 2019 11:54:00 AM EAT

Petra Diamonds said : "The focus in the short term is on driving efficiencies across the business through Project 2022 to provide a stable, consistent operating platform off which to drive improvements, supported by an appropriate organisational structure and cost base to enhance our cash flow generation and significantly reduce our net debt," External link

thediamondloupe Tuesday, July 23, 2019 3:55:00 PM EAT

Petra Diamonds said : “Polished diamond demand and prices were weaker as the market was challenged by higher than normal polished inventories and tightening cutting-centre bank credit,” External link

iol Monday, July 22, 2019 4:38:00 PM EAT

Petra Diamonds said : "Polished diamond demand and prices were weaker as the market was challenged by higher than normal polished inventories and tightening cutting-centre bank credit," External link

4-traders Monday, July 22, 2019 2:12:00 PM EAT

Petra Diamonds said : "Polished diamond demand and prices were weaker as the market was challenged by higher than normal polished inventories and tightening cutting-centre bank credit," External link

4-traders Monday, July 22, 2019 11:47:00 AM EAT

Petra Diamonds said : “I am pleased with the incremental improvement in operational performance at Cullinan, Koffiefontein and Williamson and despite a challenging January, Finsch’s performance through February and March is as expected,” External link

rough-polished Tuesday, April 16, 2019 3:02:00 AM EAT

Petra Diamonds said : “These recoveries demonstrate the prevalence of these types of stones in the Cullinan orebody as well as the ability of the mine’s plant to recover the full spectrum of diamonds,” External link

rough-polished Tuesday, March 12, 2019 3:55:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "an impressive depth of global mining experience which we believe will be critical to driving Petra’s transition from a phase of intensive capital expenditure and expansion to a focus on steady-state, cash-generative operations," External link

thediamondloupe Monday, February 18, 2019 4:15:00 PM EAT

Petra Diamonds commented : “We are deeply grateful to Johan Dippenaar for all of the work he has done over the past 14 years to lead Petra through a long period of significant growth and establishing the company as a leading independent diamond producer,” External link

miningweekly Monday, February 18, 2019 4:13:00 PM EAT

Petra Diamonds said : "It’s been a long time coming, it’s something we have always envisaged," External link

businessday Sunday, December 9, 2018 10:24:00 AM EAT

Petra Diamonds said : “The completion of the disposal is in line with the company’s strategic priorities which include the ongoing review of the asset portfolio in order to maximise return on capital and ensure that all assets are in a position to contribute positive cash flow to the business,” External link

rough-polished Friday, December 7, 2018 3:23:00 PM EAT

Petra Diamonds said : “A likely breach of the 31 December 2017 EBITDA covenant measurement ratios has been flagged to the lender group and the company will remain in regular engagement with them on this matter,” External link

miningnews Monday, October 9, 2017 1:00:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “Petra will monitor the situation very closely and take decisive action if required to preserve shareholder value,” External link

thediamondloupe Monday, September 18, 2017 11:43:00 AM EAT

Petra Diamonds stated ( about Petra Diamonds ) : “The Williamson mine is held 75% by Petra and 25% by the government of the United Republic of Tanzania, and Petra confirms that all operations related to the mine are conducted in a transparent manner and in full compliance with legislation in Tanzania and the Kimberley Process,” External link

miningweekly Monday, September 11, 2017 2:07:00 PM EAT



Key Titles and Phrases Count Lang Last Seen
miner54.17%EN07/24/201724/07/2017
master4.17%EN02/09/201709/02/2017
producer8.33%EN12/15/201615/12/2016
rival8.33%EN10/14/201614/10/2016
operator25.00%EN01/26/201526/01/2015
Names Lang Count
Petra DiamondsEN89.22%
PETRA DiamondsEN9.91%
Petra DiamondsFR0.43%
Petra DiamondsDE0.43%
Petra DiamondsAR0.00%


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Monday, October 3, 2022

2:13:00 PM EAT


Quotes... Explore Relations


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Quotes... Extracted quotes about

Richard Duffy said ( about Petra Diamonds ) : “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen,” “The significant interest shown at Tender 6 bears testament to the ongoing strength of the rough diamond market” External link

mining Thursday, June 30, 2022 6:40:00 PM EAT

Richard Duffy says ( about Petra Diamonds ) : “The Tender 6 results conclude a strong year for Petra’s diamond sales both in terms of pricing and the demand we have seen. The significant interest shown at Tender 6 bears testament to the ongoing strength of the rough diamond market. "We have seen pricing support across our product mix, with particular strength in the prices of both white and coloured gem-quality stones over the last 12 months,” External link

miningweekly Thursday, June 30, 2022 4:16:00 PM EAT

Petra Diamonds says ( about Petra Diamonds ) : “On behalf of the board, I would like to thank Matthew for his contribution to Petra during his tenure as a director and wish him every success in his future endeavours,” External link

miningweekly Tuesday, May 17, 2022 12:47:00 PM EAT

Petra Diamonds commented ( about Petra Diamonds ) : “Petra Diamonds has delivered a very strong revenue result due to the contribution of Exceptional Stone sales, supported by the continued strength in the diamond market. Production was lower than Q1 FY 2021, due to planned decreases in tonnages and grade as part of the strategy to mitigate the waste ingress at the Finsch mine, but a significant improvement over the previous quarter and remains on track to deliver full-year guidance” External link

thediamondloupe Tuesday, October 26, 2021 12:24:00 PM EAT

Richard Duffy said ( about Petra Diamonds ) : “Post completion of the capital restructuring, Petra is in a far stronger position, with a solid platform for future growth and development,” External link

iol Wednesday, April 21, 2021 11:01:00 AM EAT

Anneke van Woudenberg said ( about Petra Diamonds ) : “Deliberately altering ammunition to cause indiscriminate injury, even death, to local residents raises serious questions about Petra Diamonds’ oversight of security at its diamond mine in Tanzania,” External link

mining Thursday, March 25, 2021 9:14:00 PM EAT

Anneke van Woudenberg said ( about Petra Diamonds ) : “Deliberately altering ammunition to cause indiscriminate injury, even death, to local residents raises serious questions about Petra Diamonds’ oversight of security at its diamond mine in Tanzania,” External link

brasil-infomine Thursday, March 25, 2021 8:12:00 PM EAT

Anneke van Woudenberg said ( about Petra Diamonds ) : “Deliberately altering ammunition to cause indiscriminate injury, even death, to local residents raises serious questions about Petra Diamonds’ oversight of security at its diamond mine in Tanzania,” External link

brasil-infomine Thursday, March 25, 2021 6:08:00 PM EAT

Peel Hunt said ( about Petra Diamonds ) : "With Petra Diamond's restructuring now complete, we believe it is very well positioned to benefit from what has so far been a rapid recovery of the diamond market," External link

allafrica Monday, March 15, 2021 5:18:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "This is another significant sale for Petra Diamonds, following the sale of the Letlapa Tala Collection in November 2020, and a further endorsement of the quality of the Cullinan ore body which is known for its exceptional stones," External link

rough-polished Monday, March 8, 2021 1:45:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : "The Board of Petra Diamonds finds the allegations of human rights abuses at the Williamson mine in Tanzania to be deeply concerning and is taking the matter extremely seriously," External link

wsau Thursday, November 12, 2020 11:38:00 AM EAT

Richard Duffy said ( about Petra Diamonds ) : “Today is an important milestone for Petra, and we will continue to work constructively with our financial stakeholders to convert the agreement in principle into legally binding agreements and implement the restructuring,” External link

businessday Tuesday, October 20, 2020 12:05:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “The claims are understood to allege that Petra and WDL are liable for human rights violations, personal injuries and deaths suffered by these anonymous individuals at and surrounding the mine, arising from the mine’s security operations,” External link

pressandjournal Wednesday, September 9, 2020 7:31:00 PM EAT

Anneke van Woudenberg said ( about Petra Diamonds ) : “Petra’s claim that its diamonds are ethical is meaningless if it does not clearly demonstrate that it has resolved these very serious human rights concerns and takes urgent steps to halt such abuses from happening again,” External link

pressandjournal Wednesday, September 9, 2020 7:31:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “It is currently expected that any party interested in participating in the formal sale process will receive certain publicly available information on Petra as part of Phase One, following which interested parties shall be invited to submit their proposals to Rothschild & Co,” “Upon receipt of any proposals, the company and its advisers will determine (at their sole discretion) whether to progress any interested parties into a formal Phase Two sale process” External link

rough-polished Wednesday, July 1, 2020 12:50:00 PM EAT

Peter Hill commented ( about Petra Diamonds ) : "I am honoured and privileged to be appointed Chairman-designate of Petra Diamonds. I look forward greatly to working with the Board, as well as with Richard and his executive team, in taking Petra forward to the next stage of its development" External link

4-traders Tuesday, December 17, 2019 10:47:00 AM EAT

Richard Duffy said ( about Petra Diamonds ) : "We regard this initiative as yet another milestone in the Petra legacy and we welcome the KCM artisanal miners as partners in our industry to complement our own operations and extract optimal benefit from the diamond reserves in Koffiefontein," External link

thediamondloupe Tuesday, November 5, 2019 7:29:00 PM EAT

Richard Duffy said ( about Petra Diamonds ) : “We regard this initiative as yet another milestone in the Petra legacy and we welcome the Koffiefontein Community Mining Primary Cooperative as partners in our industry to complement our own operations and extract optimal benefit from the diamond reserves in Koffiefontein,” External link

mining Thursday, October 31, 2019 7:06:00 PM EAT

Richard Duffy said ( about Petra Diamonds ) : “We regard this initiative as yet another milestone in the Petra legacy and welcome the KCM artisanal miners as partners in our industry to complement our own operations and extract optimal benefit from the diamond reserves in Koffiefontein. We wish KCM all of the best with this venture, and thank our government and community partners for their continued support of both the project and the KCM” External link

miningnews Thursday, October 31, 2019 6:54:00 PM EAT

Richard Duffy said ( about Petra Diamonds ) : “In the short term, we remain firmly focused on the rigorous execution of Project 2022, which is expected to reduce the company’s high net debt levels, against this backdrop of a challenging diamond market,” “Addressing this leverage will enable us to capture future organic growth opportunities and reposition Petra as the leading mid-tier diamond producer” External link

investingnews Wednesday, September 18, 2019 4:28:00 AM EAT

Richard Duffy said ( about Petra Diamonds ) : “In the short term, we remain firmly focused on the rigorous execution of Project 2022, which is expected to reduce the Company’s high net debt levels, against this backdrop of a challenging diamond market. Addressing this leverage will enable us to capture future organic growth opportunities and reposition Petra as the leading mid-tier diamond producer” External link

cityam Monday, September 16, 2019 11:30:00 AM EAT

Richard Duffy said ( about Petra Diamonds ) : “Petra delivered solid results in both a difficult market and during its continued transition from a period of high capital investment to a steady state operational phase,” External link

investingnews Wednesday, July 31, 2019 9:22:00 AM EAT

Johan Dippenaar said ( about Petra Diamonds ) : “Petra has delivered solid production in the first half of FY 2019 underpinned by a continued improvement in safety performance,” “We are seeing production reaching consistent levels while our focus remains on the delivery of operational and CAPEX efficiencies in order to generate positive free cashflow and subsequent debt reduction” External link

investingnews Tuesday, March 12, 2019 2:57:00 AM EAT

Petra Diamonds said ( about Petra Diamonds ) : "an impressive depth of global mining experience which we believe will be critical to driving Petra’s transition from a phase of intensive capital expenditure and expansion to a focus on steady-state, cash-generative operations," External link

thediamondloupe Monday, February 18, 2019 4:15:00 PM EAT

Johan Dippenaar said ( about Petra Diamonds ) : “The reduction in Petra’s net debt remains a priority,” External link

businessday Monday, February 18, 2019 3:12:00 PM EAT

Johan Dippenaar said ( about Petra Diamonds ) : “We continued to see production reaching consistent levels as Petra’s main underground expansion projects are nearing completion,” External link

businessday Monday, February 18, 2019 3:12:00 PM EAT

Richard Duffy commented ( about Petra Diamonds ) : "I am delighted to have been appointed CEO of Petra Diamonds. I look forward to working with a very capable team that has grown the business and laid the foundations for delivering on the recent capital investment programme" External link

4-traders Monday, February 18, 2019 2:42:00 PM EAT

Petra Diamonds said ( about Petra Diamonds ) : “Petra will monitor the situation very closely and take decisive action if required to preserve shareholder value,” External link

thediamondloupe Monday, September 18, 2017 11:43:00 AM EAT

Petra Diamonds stated ( about Petra Diamonds ) : “The Williamson mine is held 75% by Petra and 25% by the government of the United Republic of Tanzania, and Petra confirms that all operations related to the mine are conducted in a transparent manner and in full compliance with legislation in Tanzania and the Kimberley Process,” External link

miningweekly Monday, September 11, 2017 2:07:00 PM EAT