Appointment of new AIM advise

RNS Number : 1491C

Petra Diamonds Ld

09 November 2009

 



Immediate release

9 November 2009

Petra Diamonds Limited 

Appointment of new AIM adviser

Petra Diamonds Limited, the international diamond mining group, announces the appointment of Canaccord Adams Limited as its sole AIM broker and nominated adviser with immediate effect.

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]

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

~ Ends ~

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 has seen its annual production rise 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. 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

 

 

MSCZGMGMVVFGLZM