The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen 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: 43.00
Bid: 43.00
Ask: 43.80
Change: 0.00 (0.00%)
Spread: 0.80 (1.86%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 43.00
PDL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Production at Petra Diamonds Williamson mine suspended for up to 3 months

Thu, 10th Nov 2022 14:48

(Sharecast News) - Petra Diamonds said on Thursday that production from the Williamson mine in Tanzania is expected to be suspended for up to three months following a wall breach and flooding at the tailings storage facility (TSF).

The company had announced on Monday that the eastern wall of the TSF at the mine was breached, resulting in flooding away from the pit which extended into certain areas outside of the mine lease area. Three minor injuries were reported but there were no serious injuries or fatalities.

The cause of the breach has not yet been confirmed and an investigation is underway comprising technical teams from Williamson Diamonds Limited and Petra who are at the site. The services of an independent external specialist have also been retained to assist with WDL's investigation and who will provide a report to the Petra board.

Detailed planning is underway to bring a new TSF into operation which was already under construction at the time of the incident and which requires construction of a new wall on the boundary of the failed TSF, Petra said.

In the interim, and to minimise the overall/medium-term impact of the lost production, planned maintenance will be brought forward along with accelerated waste stripping, it added.

Petra has a 75% shareholding in Williamson Diamonds Limited, with the Government of Tanzania owning the remaining 25%.

At 1505 GMT, the shares were down 7.3% at 102p.

More News
31 May 2020 14:20

IN BRIEF: Petra Diamonds Agrees Debt Forebearance As Q3 Output Up !%

IN BRIEF: Petra Diamonds Agrees Debt Forebearance As Q3 Output Up !%

Read more
1 May 2020 13:28

UK TRADING UPDATE SUMMARY: Avacta, Genedrive Progress With Virus Tests

UK TRADING UPDATE SUMMARY: Avacta, Genedrive Progress With Virus Tests

Read more
1 May 2020 08:09

Petra Diamonds withholds interest payment as creditors circle

May 1 (Reuters) - Africa-focussed Petra Diamonds said on Friday it would hold off on making an interest payment on bonds due on May 1 and make use of a 30-day grace period to find a resolution with creditors that allows it to draw down other new ...

Read more
30 Apr 2020 09:45

UK BROKER RATINGS SUMMARY: ODDO BHF Cuts IAG To Neutral From Buy

UK BROKER RATINGS SUMMARY: ODDO BHF Cuts IAG To Neutral From Buy

Read more
22 Apr 2020 16:10

Petra Diamonds moves towards $650 million debt restructuring - sources

By Clara DeninaLONDON, April 22 (Reuters) - London-listed diamond miner Petra Diamonds is working towards restructuring its $650 million debt, as the challenges facing an industry assailed by synthetic rivals are complicated by the coronavirus pan...

Read more
17 Apr 2020 18:29

Moody's Downgrades Petra Diamonds' Rating To Caa2; Outlook Negative

Moody's Downgrades Petra Diamonds' Rating To Caa2; Outlook Negative

Read more
17 Apr 2020 10:27

UK BROKER RATINGS SUMMARY: Barclays Lowers Whitbread And Raises IHG

UK BROKER RATINGS SUMMARY: Barclays Lowers Whitbread And Raises IHG

Read more
9 Apr 2020 16:34

Petra Diamond Says Covid-19 Has Hurt Business, In Financing Talks

Petra Diamond Says Covid-19 Has Hurt Business, In Financing Talks

Read more
27 Mar 2020 14:22

REPEAT: UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs

REPEAT: UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs

Read more
27 Mar 2020 14:03

UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs Amid Covid-19

UK TRADING UPDATE SUMMARY: John Menzies Axes 17,500 Jobs Amid Covid-19

Read more
25 Mar 2020 09:38

UK BROKER RATINGS SUMMARY: Citi Downgrades easyJet And IAG To Neutral

UK BROKER RATINGS SUMMARY: Citi Downgrades easyJet And IAG To Neutral

Read more
24 Mar 2020 14:59

Petra Diamonds Forced To Halt South African Mining Operations

Petra Diamonds Forced To Halt South African Mining Operations

Read more
18 Feb 2020 13:26

Tuesday broker round up

(Sharecast News) - Severn Trent: JP Morgan upgrades to neutral with a target price of 2,550p.

Read more
18 Feb 2020 09:29

UK BROKER RATINGS SUMMARY: JPMorgan Upgrades Severn Trent To Neutral

UK BROKER RATINGS SUMMARY: JPMorgan Upgrades Severn Trent To Neutral

Read more
17 Feb 2020 10:38

Petra shares slide amid difficult diamond market

(Sharecast News) - Petra Diamonds reported a 6% fall in revenue in its half-year results on Monday, to $193.9m (£148.78m), which it put down to a decline in rough diamond prices.

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.