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9 Nov 2009 07:00
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Immediate release |
9Β NovemberΒ 2009 |
Petra Diamonds LimitedΒ
Appointment of new AIM adviser
Petra Diamonds Limited, the international diamond mining group,Β announces theΒ appointment of Canaccord Adams Limited as itsΒ soleΒ AIM broker and nominated adviser with immediate effect.
For further information,Β pleaseΒ contact:
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Cathy Roberts |
Telephone: +44 20 7318 0452 |
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PetraΒ Diamonds,Β London |
cathyr@petradiamonds.comΒ |
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Bobby MorseΒ / James Strong |
Telephone:Β +44 20 7466 5000 |
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Buchanan Communications |
bobbym@buchanan.uk.comΒ /Β jamess@buchanan.uk.comΒ Β |
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Mike Jones /Β Ryan Gaffney |
Telephone: +44Β 20 7050 6500 |
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Canaccord Adams |
mike.jones@canaccordadams.com ryan.gaffney@canaccordadams.com |
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AboutΒ PetraΒ Diamonds
Petra Diamonds is a leading supplier of rough diamonds. A number of acquisitions have establishedΒ PetraΒ as one of the world's largest independent diamond groups by resources, with a total resource base of 262 million carats.Β PetraΒ 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.
InΒ South Africa,Β PetraΒ 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. InΒ Tanzania,Β PetraΒ has anΒ 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,Β 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.Β
PetraΒ 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
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