Publication of Sustainability Report

RNS Number : 8822E

Petra Diamonds Limited

24 October 2018

 

24 October 2018

 

Petra Diamonds Limited

("Petra" or "the Company")

Publication of Sustainability Report

Petra Diamonds Limited announces that its 2018 Sustainability Report has been published and is available to view on the Company's website at www.petradiamonds.com/investors/results-reports/.

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For further information, please contact:

Petra Diamonds, London                                         Telephone: [phone]

Cornelia Grant

Marianna Bowes                                                         [e-mail]

Salisha Ilyas

Buchanan                                                                  Telephone: [phone]

(PR Adviser)

Bobby Morse                                                               [e-mail]          

Olivia Montefiore-Vita

About Petra Diamonds Limited 

Petra Diamonds is a leading independent diamond mining group and a consistent supplier of gem quality 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 the proposed disposal of its interest in the Kimberley Ekapa Mining JV in South Africa. It also maintains an exploration programme in Botswana and South Africa, which is currently under review.

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 of ca. 290 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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