The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
https://uk.finance.yahoo.com/news/lonmin-labour-union-considers-taking-180246673.html Lonmin's main labour union in South Africa said on Thursday it would consider mass action to oppose the takeover of the struggling platinum miner by Sibanye-Stillwater, which Sibanye has already said will ...
Trading Update – Q1 FY 2018 Production and Sales Report Petra Diamonds 07:02:00 +01:00: Trading Update – Q1 FY 2018 Production and Sales Report 23 October 2017 LSE: PDL Petra Diamonds Limited (“Petra”, “the Company” or “the Group”) Trading Update – Q1 FY 2018 Production and Sales Report Petra Diamonds Limited announces the following trading update (unaudited) for the period from 1 July 2017 to 20 October 2017, covering production and sales from 1 July 2017 to 30 September 2017 (“Q1 FY 2018” or “Q1” or the “Period”). Please see summary below with the full announcement available on Petra’s website: www.petradiamonds.com/investors/results-reports . SUMMARY · Lost Time Injury Frequency Rate (“LTIFR”) improved to 0.24 (Q1 FY 2017: 0.28), representing an all-time low for the Company. Petra remains highly focused on managing health and safety as its most important priority. · Q1 production down 4% to 1,053,817 carats (Q1 FY 2017: 1,097,523 carats) mainly due to a planned reduction in tailings production at Finsch and Kimberley Ekapa Mining Joint Venture (“KEM JV”). Encouragingly, Q1 ROM production increased 17% to 842,809 carats (Q1 FY 2017: 720,475 carats), despite the labour disruptions experienced in September 2017 impacting ROM production by ca. 60,000 carats. · Q1 revenue down 17% to US$78.7 million from 711,277 carats sold (Q1 FY 2017: US$94.7 million from 745,447 carats sold, including US$10.9 million revenue from Exceptional Diamonds). No sales from Williamson in Tanzania were included, due to a parcel of diamonds from the mine being detained by the Government of the United Republic of Tanzania (“GoT”). Post Period end, the Company completed further sales of South African goods yielding US$53.1 million. As previously announced, Petra has received authorisation from the GoT to resume diamond exports and sales, and a second parcel of ca. 40,000 carats from the Williamson mine has been shipped to the Company’s marketing office in Antwerp, to be sold in Q2 FY 2018. Petra continues to engage with the GoT in order to reach a satisfactory solution with regards to the first parcel of diamonds. · Diamond prices for Q1 on a like-for-like basis were down ca. 3% in comparison to H2 FY 2017, and by a further ca. 2% at the Company’s second tender held in October 2017, partially offset by the expected improvement in product mix further to a higher proportion of ROM versus tailings carats. · The expansion programmes remain on track. All components of the Cullinan plant are now fully operational, with ramp-up and optimisation activities ongoing; the plant is expected to achieve nameplate capacity of 6 Mtpa during H2 FY 2018. · Net debt at 30 September 2017 of US$613.8 million (30 June 2017
You have been consistent with regard to where this share was headed but no kudos for that - bring those skills to a rising share? How do some of us who have lost quid in this recover? ya, give me three stocks that can save me!