Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetra Diamonds Share News (PDL)

Share Price Information for Petra Diamonds (PDL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 43.80
Bid: 41.00
Ask: 43.60
Change: 1.30 (3.06%)
Spread: 2.60 (6.341%)
Open: 41.00
High: 43.80
Low: 41.00
Prev. Close: 42.50
PDL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Petra Diamonds Cullinan Open Pit Disrupted By Sidewall Incident

Wed, 30th Oct 2019 12:15

(Alliance News) - Petra Diamonds PLC said Wednesday that mining at the Cullinan open pit mine in South Africa was temporarily stopped after a pit slope scaling.

After a thunderstorm on Saturday, the sidewall of the open pit at Cullinan scaled during the weekend and into Monday with around three million tonnes of material falling into the pit. The incident resulted in dust being thrown into the air, affecting the local community.

No staff were hurt in the incident.

After initially being suspended, underground mining resumed later on Monday. Petra does not expect the incident to result in a "material impact" on production.

Petra has since engaged with the South African Department of Mineral Resources as well as labour unions and the local community. A number of actions have been agreed upon.

"We will take whatever steps are necessary, including the engagement of external technical specialists if required, to better understand this incident and any impact on future pit stability," Chief Executive Officer Richard Duffy said.

"The safety of our employees and surrounding communities continues to remain our key focus," Duffy added. "Our meetings with our partners in Government, labour unions and the community earlier today were very constructive and their valued input is appreciated."

Shares in Petra were 0.7% lower at 7.65 pence in London on Wednesday.

By Ahren Lester; ahrenlester@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

More News
13 Dec 2021 09:01

UPDATE 2-Junior miners Strandline, Black Rock sign agreements with Tanzania

(Recasts with Strandline, Black Rock agreements)DAR ES SALAAM, Dec 13 (Reuters) - Australia's Strandline Resources, Black Rock Mining and Orecorp on Monday signed framework agreements with the government of Tanzania, a step towards the development...

Read more
13 Dec 2021 09:01

UPDATE 1-Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine

(Adds details on framework agreement, other mining companies present)DAR ES SALAAM, Dec 13 (Reuters) - Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duf...

Read more
13 Dec 2021 09:01

UPDATE 3-Junior miners Strandline, Black Rock, OreCorp sign agreements with Tanzania

* Junior miners sign agreements at ceremony in capital* Petra Diamonds gives govt 16% free carried interest* Petra's stake in Williamson mine to fall from 75% to 63% (Adds Petra Diamonds signed agreement)By Nuzulack DausenDAR ES SALAAM, Dec 13 (Reut...

Read more
13 Dec 2021 08:19

Petra Diamonds to grant Tanzania 16% free carried interest in Williamson mine

DAR ES SALAAM, Dec 13 (Reuters) - Petra Diamonds will grant the government of Tanzania a 16% free carried interest in its subsidiary Williamson Diamonds Limited, CEO Richard Duffy said at a signing ceremony in Dar Es Salaam on Monday.The move wil...

Read more
12 Nov 2021 17:19

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
27 Oct 2021 10:53

Berenberg lowers Petra Diamonds to 'hold'

(Sharecast News) - Analyst at Berenberg downgraded Petra Diamonds from 'buy' to 'hold' on Wednesday, stating now was the time to take some profit.

Read more
27 Oct 2021 09:44

LONDON BROKER RATINGS: Entain, Unite Group and FirstGroup upped to Buy

LONDON BROKER RATINGS: Entain, Unite Group and FirstGroup upped to Buy

Read more
27 Oct 2021 08:27

REPEAT: LONDON BRIEFING: Activist out as FirstGroup launches tender

REPEAT: LONDON BRIEFING: Activist out as FirstGroup launches tender

Read more
27 Oct 2021 08:19

LONDON BRIEFING: Activist to exist as FirstGroup launches tender offer

LONDON BRIEFING: Activist to exist as FirstGroup launches tender offer

Read more
26 Oct 2021 19:06

TRADING UPDATES: Yellow Cake fundraises; Mercia Asset invests

TRADING UPDATES: Yellow Cake fundraises; Mercia Asset invests

Read more
14 Sep 2021 14:44

TRADING UPDATES: Staffline revenue rises, Petra Diamonds sees momentum

TRADING UPDATES: Staffline revenue rises, Petra Diamonds sees momentum

Read more
14 Sep 2021 12:31

Petra hails 'watershed' year as revenues jump

(Sharecast News) - Petra Diamonds has announced a jump in final revenues, after what the mining firm called a "watershed" year.

Read more
7 Sep 2021 16:25

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

Read more
25 Aug 2021 11:00

SMALL-CAP WINNERS & LOSERS: Costain sinks as dividend remains absent

SMALL-CAP WINNERS & LOSERS: Costain sinks as dividend remains absent

Read more
25 Aug 2021 10:52

Petra sells two diamonds for initial $13.5m

(Sharecast News) - Petra Diamonds said on Wednesday that it has sold two diamonds recovered from the Cullinan mine in South Africa into a partnership with Johannesburg-based diamond cutter and polisher Stargems, for an initial $13.5m.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.