Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksPetra Diamonds Regulatory News (PDL)

Share Price Information for Petra Diamonds (PDL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 40.60
Bid: 39.05
Ask: 40.60
Change: 0.00 (0.00%)
Spread: 1.55 (3.969%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 40.60
PDL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

H1 FY 2019 Trading Update

28 Jan 2019 07:00

RNS Number : 1961O
Petra Diamonds Limited
28 January 2019
 

 

 

 

This announcement contains inside information

 

28 January 2019

LSE: PDL

 

 

Petra Diamonds Limited

("Petra" or the "Company" or the "Group")

 

Trading Update for the Six Months ended 31 December 2018

 

 

Petra Diamonds Limited announces the following trading update (unaudited) for the six months ended 31 December 2018 (the "Period", "H1 FY 2019" or "H1"), ahead of the publication of the Company's Interim Results for the Period on 18 February 2019.

 

Further to the sale of Petra's interest in the Kimberley Ekapa Mining Joint Venture ("KEM JV"), which completed on 05 December 2018, all figures below are stated excluding the KEM JV, unless otherwise specified.

SUMMARY

· Lost Time Injury Frequency Rate ("LTIFR") improved to 0.16 (H1 FY 2018: 0.24).

· H1 production up 10% to 2,019,147 carats (H1 FY 2018: 1,843,956 carats); full year production guidance of ca. 3.8 - 4.0 Mcts maintained.

· H1 revenue up 8% to US$207.1 million (H1 FY 2018: US$191.7 million); diamonds sold increased 15% to 1,736,357 carats (H1 FY 2018: 1,510,361 carats).

· Rough diamond prices on a like-for-like basis reduced by ca. 4% compared to H2 FY 2018 due to usual seasonal weakness. The product mix during H1, especially at Cullinan, yielded prices at the lower end of historical ranges.

· Capex (excluding capitalised borrowing costs) of US$40.6 million for the Period (H1 FY 2018: US$69.4 million) was in line with Petra's declining capex profile.

· Positive operational cash flow for the Period was offset by:

o US$21.2 million of advances to BEE partners, largely related to the servicing of the BEE bank debt in line with the Group's stated intent of reducing its consolidated net debt (which includes BEE bank debt); these advances are recoverable against future BEE-partner distributions;

o US$8.6 million funding advanced to the KEM JV, recoverable during H2 FY 2019; and

o ca. US$25 million revenue shortfall due to the volatility in Cullinan's product mix, a 4% downward movement in like-for-like pricing and the Koffiefontein disruptions detailed below;

resulting in Net debt of US$557.2 million (30 June 2018: US$520.7 million and 30 September 2018: US$538.9 million).

· Continued strong operational performance at Williamson with two good quality pink stones recovered post Period end which are expected to be sold in February 2019.

 

H1 FY 2019 Sales, Production and Capex - Summary

 

 

Unit

H1 FY 2019

H1 FY 2018

Variance

FY 2018¹

Sales

 

 

 

 

 

Revenue

US$m

207.1

191.7

+8%

495.3

Diamonds sold

Carats

1,736,357

1,510,361

+15%

3,793,799

 

 

 

 

 

 

Production

 

 

 

 

 

ROM tonnes

Mt

6.4

6.0

+7%

12.1

Tailings & other1 tonnes

Mt

1.0

0.7

+43%

1.6

Total tonnes treated

Mt

7.4

6.8

+9%

13.7

 

 

 

 

 

 

ROM diamonds

Carats

1,946,717

1,728,626

+13%

3,649,337

Tailings & other1 diamonds

Carats

72,430

115,330

-37%

186,130

Total diamonds

Carats

2,019,147

1,843,956

+10%

3,835,467

 

 

 

 

 

 

Capex

 

 

 

 

 

Expansion

US$m

28.5

60.2

-53%

110.7

Sustaining

US$m

12.1

9.2

+32%

19.6

Subtotal

US$m

40.6

69.4

-41%

130.3

Borrowing costs capitalized

US$m

3.7

16.2

-77%

15.2

Total

US$m

44.3

85.6

-48%

145.5

 

Note:

1. 'Other' includes alluvial diamond mining at Williamson.

 

 

Johan Dippenaar, Chief Executive Officer, commented:

"Petra has delivered solid production in the first half of FY 2019 underpinned by a continued improvement in safety performance. We are seeing production reaching consistent levels while our focus remains on the delivery of operational and capex efficiencies in order to generate positive free cashflow and subsequent debt reduction."

 

 

CONFERENCE CALL

Petra's Chief Executive Officer, Johan Dippenaar, Chief Financial Officer, Jacques Breytenbach, and Chief Operating Officer, Luctor Roode, will host two conference calls at 9.30am and 4.00pm GMT today to discuss the H1 FY 2019 Trading Update with investors and analysts. Participants may join the calls by dialling one of the following numbers shortly before the call:

 

9:30am GMT call:

From the UK (toll free): 0800 358 9473 From South Africa (toll free): 0800 111 446From South Africa (toll): +27 (0)21 672 4118From the rest of the world: +44 (0)333 300 0804Participant passcode: 92942174#A replay of the conference call will be available on the following numbers from 12:00pm GMT today:From UK (toll free): 0800 358 2049From South Africa and the rest of the world: +44 (0)333 300 0819

Playback passcode: 301258503# 

4:00pm GMT call:

Participants are advised to listen to the replay of the first conference call in advance of this call, as the full management commentary on the results will not be repeated.From the United States (toll free): 1 855 857 0686From the rest of the world: +44 (0)333 300 0804From the UK (toll free): 0800 358 9473From South Africa (toll free): 0800 111 446Participant passcode: 79693159#

 

 

COMMENTARY

 

 

Health and safety:

· The Group recorded an LTIFR of 0.16 (H1 FY 2018: 0.24), with zero fatalities incurred during the Period. The health and safety of our employees remains our key priority and the Company is committed to achieving a zero harm work environment.

 

Production

· H1 production increased 10% to 2,019,147 carats (H1 FY 2018: 1,843,956 carats), mainly due to a 30% increase in Cullinan ROM production. Total ROM production increased 13% to 1.9 Mcts versus 1.7 Mcts in H1 FY 2018).

· Finsch's ROM carat production was flat at 927,934 carats (H1 FY 2018: 931,859 carats). A planned winder upgrade was successfully completed, which necessitated a planned shut down from 21 December 2018 to 4 January 2019. Overall, Finsch production decreased by 9% to 947,424 carats (H1 FY 2018: 1,036,596 carats), due to the planned reduction in tailings production as the tailings resource nears depletion.

· Cullinan's ROM diamond production increased 30% to 785,444 carats (H1 FY 2018: 602,594 carats), due to a 12% increase in ROM treated to 1.996Mt (H1 FY 2018: 1.783Mt) as well as an increase in the ROM grade of 16% to 39.3cpht (H1 FY 2018: 33.8cpht). This increase in volume and grade is due to the continued ramp up of production from the C-Cut phase 1 and a reduction in ore mined from old areas with higher waste dilution. During the Period, production from the C-Cut phase 1 was largely concentrated in the south-western part of the footprint and therefore not representative of expected production associated with the full extent of the C-Cut phase 1 block cave. The third and final underground crusher was commissioned during December, delivering increased operational flexibility as mining progresses across the footprint of the cave. The new Cullinan plant is fully operational and is meeting design parameters while normal optimisation is ongoing. Overall, Cullinan production increased by 37% to 832,026 carats (H1 FY 2018: 607,235 carats) with increased ROM production supplemented by the ramp-up of tailings production.

· Koffiefontein's ROM production remained flat at 25,275 carats (H1 FY 2018: 25,292 carats). Production was negatively impacted during the Period due to community unrest relating to municipal service delivery, operational challenges experienced relating to plant availability and a lower than planned grade recovered. As mentioned in the Q1 FY 2019 update, community-related protest actions against local government structures commenced during September. The situation worsened and severely disrupted operations at Koffiefontein throughout Q2 FY 2019 due to high absenteeism as a result of the protest actions. In spite of these challenges, ROM tonnes mined increased 40% to 434Kt (H1 FY 2018: 311Kt) and ROM tonnes treated increased 30% to 377Kt (H1 FY 2018: 289Kt). The differential between hoisted and treated ROM tonnes was stockpiled on the surface stockpile, resulting in a ca. 90Kt ROM stockpile available for treatment. The recovered grade was negatively impacted by the stockpiling of partially treated coarse ROM material as well as delayed production from higher grade areas on 60L and 58L West given the impact of the protest actions on the operation. Since the start of January 2019, additional crushing capacity has been introduced to the plant, employee attendance has normalised and monthly production is expected to ramp up over January to levels observed in Q1 FY 2019.

· Williamson's diamond production increased 23% to 214,421 carats (H1 FY 2018: 174,834 carats), mainly due to an 18% increase in the ROM grade recovered as well as a 4% increase in tonnes treated to 2.7Mt (H1 FY 2018: 2.6Mt).

The Company remains in discussions with the Government of Tanzania and local advisers in relation to the overdue VAT receivables and the blocked parcel.

 

Sales and Diamond Market

· Revenue increased 8% to US$207.1 million (H1 FY 2018: US$191.7 million) driven by increased sales volumes of 1,736,357 carats (H1 FY 2018: 1,510,361 carats). As usual, Petra held three tenders in H1 2019 and will hold four tenders in H2.

· Diamond inventory as at 31 December 2018 was 811,718 carats valued at US$76.3 million (31 December 2017: 820,937 carats valued at US$73.5 million).

· Post Period end, Williamson recovered two good quality pink stones (21ct and 10ct respectively) which are expected to be sold during the February 2019 tender.

Diamond Market

· The diamond market started the first half of FY 2019 in line with expectations, as seasonally the slowest time of the year in the rough diamond sales calendar. During September and October 2018, whilst demand for higher value stones remained strong, the rough diamond market experienced a softening in demand for lower value small diamonds impacting overall sales prices. This softening in demand was driven by a weakening in global markets and by seasonal destocking at a number of Indian midstream companies. During November and December demand for the lower value small stones saw some recovery due to renewed seasonal demand and the replenishment of stocks by companies in the cutting sector. In retail markets, generally the commentary referred to stable sales over the festive period in constant US$-terms, with marginal declines in absolute terms.

· The Company continues to expect the diamond market to remain stable for the remainder of FY 2019.

Diamond Prices

· Rough diamond prices on a like-for-like basis fell ca. 4% compared to H2 FY 2018 results due to the usual seasonal weakness in the rough diamond market.

· The table below summarises diamond pricing achieved in H1 FY 2019 set against the last financial year.

 

Mine

Actual

H1 FY 2019

US$/carat

Actual

H1 FY 2018

US$/carat

Actual

FY 2018

US$/carat

Finsch

105

104

108

Cullinan1

96

140

125

Koffiefontein

447

511

525

Williamson

223

233

270

 

 

· Cullinan prices achieved during the Period are below historical annual averages. Historically, Cullinan averaged US$140/ct from the sale of over 8.5Mcts for the 9.5 year period July 2009 to December 2018, and recorded:

o on an annual basis: high of US$185/ct and low of US$120/ct;

o on an half yearly basis: high of US$247/ct and low of US$87/ct; and

o on an quarterly basis: high of US$293/ct and low of US$63/ct.

 

 

Succession Planning

· The Nomination Committee is in the final year of its three year Succession Plan. During the Period, the Company announced the appointment of two new Independent Non-Executive Directors, Mrs. Varda Shine and Mr. Bernard Pryor to Petra's Board effective 1 January 2019. As previously announced, the Nomination Committee expects to make further changes to the composition of the Board during this calendar year.

· The process to find a successor for the CEO position is progressing and the Company expects to make an announcement in this regard during H2 FY 2019.

 

Corporate

· A summary of the Group's cash, diamond inventories, debtors, borrowings and net debt is set out below.

 

Unit

31 December 2018

30 September 2018

30 June 2018

31 December 2017

Closing exchange rate used for conversion

 

R14.35:US$1

R14.14:US$1

R13.73:US$1

R12.38:US$1

Cash at bank

US$m

92.8

111.1

236.0

119.1

Diamond inventories

(excluding KEM JV)

Carats

US$m

811,718

76.3

970,620

91.6

529,054

54.0

820,937

73.5

Diamond debtors

US$m

4.4

14.4

75.0

7.5

US$ loan notes (including accrued interest)

US$m

650.0

650.0

650.0

650.0

Bank loans and borrowings

US$m

0.0

0.0

106.7

113.8

Net debt

US$m

557.2

538.9

520.7

644.7

Consolidated net debt for covenant purposes1

US$m

625.3

610.6

531.6

746.5

Outstanding balances in respect of BEE bank debt guaranteed by Petra

US$m

72.5

86.1

85.9

109.3

 

Note: Consolidated Net Debt is bank loans and borrowings plus loan notes, less cash, less diamond debtors and includes the BEE guarantees of ca. US$81.9 million (ZAR1,175 million) issued by Petra to the lenders as part of the BEE financing concluded in December 2014.

 

· Net debt of US$557.2 million (30 June 2018: US$520.7 million), with positive operational cash flows during H1 offset by:

o US$21.2 million advances to BEE partners, largely related to servicing of BEE bank debt in line with the Group's stated intent of reducing Consolidated net debt (which includes BEE banking facilities) and recoverable against future BEE partner distributions;

o US$8.6 million funding advanced to the KEM JV, recoverable during H2 FY 2019;

o US$10 million shortfall in revenues due to ongoing volatility in Cullinan's product mix;

o US$9 million due to a 4% downward movement in like-for-like pricing; and

o US$7 million due to the Koffiefontein disruptions detailed above.

· The Company's forecasts indicate that the Group continues to retain sufficient liquidity from existing cash resources, operating cashflows and existing facilities to meet its liabilities as they fall due under the forecasts and reasonably possible sensitivities. 

· Following the completion of the sale of the Company's interest in the KEM JV on adjusted terms, as announced on 5 December 2018, a further non-cash impairment charge of up to US$15 million is likely to be recognized in the Company's preliminary results to 31 December 2018.

Notes

1. The following exchange rates have been used for this announcement:

a. closing rate as at 31 December 2018 US$1:ZAR14.35 (31 December 2017 US$1:ZAR12.38)

b. average rate H1 FY 2019 US$1:ZAR14.19 (H1 FY2018 US$1:ZAR13.40)

2. The following definitions have been used in this announcement:

a. ct: carat

b. cpht: carats per hundred tonnes

c. Exceptional Diamonds: stones that sell for more than US$5 million each

d. LTIFR: lost time injury frequency rate (calculated per 200,000 man-hours worked)

e. Kt: thousand tonnes

f. Mcts: million carats

g. mL: metre level

h. Mt: million tonnes

i. ROM: run-of-mine, i.e. relating to production from the primary orebody

j. SLC: sub-level cave, a variation of block caving

3. Diamond inventory carrying values are stated at the lower of cost of production on the weighted average basis or estimated net realisable value.

 

~ Ends ~

 

 

For further information, please contact:

 

Petra Diamonds, London Telephone: +44 20 7494 8203

Marianna Bowes investorrelations@petradiamonds.com

Salisha Ilyas

 

Buchanan Telephone: +44 20 7466 5000

(PR Adviser)

Bobby Morse pdl@buchanan.uk.com

 

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 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.

 

 

 

 

APPENDIX - MINE BY MINE PRODUCTION TABLES

 

 

Finsch - South Africa

 

 

Unit

H1 FY 2019

H1 FY 2018

Variance

FY 2018

 

Sales

 

 

 

 

 

Revenue

US$m

87.0

100.8

-14%

231.9

Diamonds sold

Carats

829,530

970,446

-15%

2,152,786

Average price per carat

US$

105

104

+1%

108

 

 

 

 

 

 

ROM Production

 

 

 

 

 

Tonnes treated

Tonnes

1,503,335

1,559,280

-4%

3,084,395

Diamonds produced

Carats

927,934

931,859

-0%

1,926,467

Grade¹

Cpht

61.7

59.8

+3%

62.5

 

 

 

 

 

 

Tailings Production

 

 

 

 

 

Tonnes treated

Tonnes

134,395

515,224

-74%

794,973

Diamonds produced

Carats

19,490

104,737

-81%

147,010

Grade¹

Cpht

14.5

20.3

-29%

18.5

 

 

 

 

 

 

Total Production

 

 

 

 

 

Tonnes treated

Tonnes

1,637,730

2,074,503

-21%

3,879,368

Diamonds produced

Carats

947,424

1,036,596

-9%

2,073,477

 

 

 

 

 

 

Capex

 

 

 

 

 

Expansion Capex

US$m

8.3

24.0

-65%

42.3

Sustaining Capex

US$m

4.1

3.4

+21%

7.7

Borrowing Costs Capitalised

US$m

1.4

7.1

-80%

4.0

Total Capex

US$m

13.8

34.5

-60%

54.0

 

Note:

1. The Company is not able to precisely measure the ROM / tailings grade split because ore from both sources is processed through the same plant; the Company therefore back-calculates the grade with reference to resource grades.

 

Cullinan - South Africa

 

 

Unit

H1 FY 2019

H1 FY 2018

Variance

FY 2018

Sales

 

 

 

 

 

Revenue

US$m

66.2

61.4

+8%

167.0

Diamonds sold

Carats

688,536

439,012

+57%

1,335,669

Average price per carat

US$

96

140

-31%

125

 

 

 

 

 

 

ROM Production

 

 

 

 

 

Tonnes treated

Tonnes

1,996,624

1,783,229

+12%

3,741,086

Diamonds produced

Carats

785,444

602,594

+30%

1,342,020

Grade1

Cpht

39.3

33.8

+16%

35.9

 

 

 

 

 

 

Tailings Production

 

 

 

 

 

Tonnes treated

Tonnes

696,354

37,023

+1781%

412,749

Diamonds produced

Carats

46,582

4,640

+904%

26,700

Grade1

Cpht

6.7

12.5

-47%

6.5

 

 

 

 

 

 

Total Production

 

 

 

 

 

Tonnes treated

Tonnes

2,692,978

1,820,252

+48%

4,153,835

Diamonds produced

Carats

832,026

607,235

+37%

1,368,720

 

 

 

 

 

 

Capex

 

 

 

 

 

Expansion Capex

US$m

17.3

30.0

-42%

56.2

Sustaining Capex

US$m

3.2

1.4

+129%

6.5

Borrowing Costs Capitalised

US$m

2.3

9.1

-75%

11.2

Total Capex

US$m

22.8

40.5

-44%

73.9

 

Note:

1. The Company is not able to precisely measure the ROM / tailings grade split because ore from both sources is processed through the same plant; the Company therefore back-calculates the grade with reference to resource grades.

 

 

Koffiefontein - South Africa

 

 

Unit

H1 FY 2019

H1 FY 2018

Variance

FY 2018

Sales

 

 

 

 

 

Revenue

US$m

10.5

11.0

-5%

27.2

Diamonds sold

Carats

23,406

21,555

+9%

51,936

Average price per carat

US$

447

511

-13%

525

 

 

 

 

 

 

ROM Production

 

 

 

 

 

Tonnes treated

Tonnes

377,391

289,478

+30%

649,259

Diamonds produced

Carats

25,275

25,292

-0%

52,537

Grade

Cpht

6.7

8.7

-23%

8.1

 

 

 

 

 

 

Total Production

 

 

 

 

 

Tonnes treated

Tonnes

377,391

289,478

+30%

649,259

Diamonds produced

Carats

25,275

25,292

-0%

52,537

 

 

 

 

 

 

Capex

 

 

 

 

 

Expansion Capex

US$m

3.0

5.5

-45%

9.6

Sustaining Capex

US$m

0.2

2.3

-91%

2.7

Total Capex

US$m

3.2

7.8

-59%

12.3

 

 

Williamson - Tanzania

 

 

Unit

H1 FY 2019

H1 FY 2018

Variance

FY 2018

Sales

 

 

 

 

 

Revenue

US$m

43.5

18.5

+135%

68.5

Diamonds sold

Carats

194,913

79,4451

+145%

253,5241

Average price per carat

US$

223

233

-4%

270

 

 

 

 

 

 

ROM Production

 

 

 

 

 

Tonnes treated

Tonnes

2,510,451

2,403,393

+4%

4,659,563

Diamonds produced

Carats

208,064

168,881

+23%

328,681

Grade

Cpht

8.3

7.0

+18%

7.0

 

 

 

 

 

 

Alluvial Production

 

 

 

 

 

Tonnes treated

Tonnes

195,557

193,172

+1%

385,721

Diamonds produced

Carats

6,357

5,953

+7%

12,421

Grade

Cpht

3.3

3.1

+5%

3.2

 

 

 

 

 

 

Total Production

 

 

 

 

 

Tonnes treated

Tonnes

2,706,008

2,596,565

+4%

5,045,284

Diamonds produced

Carats

214,421

174,834

+23%

341,102

 

 

 

 

 

 

Capex

 

 

 

 

 

Expansion Capex

US$m

0.0

0.7

-100%

2.6

Sustaining Capex

US$m

3.2

1.5

+113%

2.0

Total Capex

US$m

3.2

2.2

+45%

4.6

 

Note:

1. Negatively impacted by the 71,654 carat parcel blocked for export.

 

 

 

Capex reconciliation

 

Capex

Unit

H1 FY 2019

H1 FY 2018

Variance

FY 2018

Finsch

US$m

13.8

34.5

-60%

54.0

Cullinan

US$m

22.8

40.5

-44%

73.9

Koffiefontein

US$m

3.2

7.8

-59%

12.3

Williamson

US$m

3.2

2.2

+45%

4.6

Subtotal - Capex incurred by operations

US$m

43.0

85.0

-49%

144.8

Corporate / exploration

US$m

1.3

0.7

+86%

2.4

Petra internal projects division - Capex under construction / invoiced to operations

US$m

0.0

0.0

0%

(1.7)

Other Corporate - Capex under construction / invoiced to operations

US$m

0.0

(0.1)

-100%

0.0

Total Group Capex

US$m

44.3

85.6

-48%

145.5

 

Notes:

 

1. Capex for the Period includes US$3.7 million (H1 FY 2018: US$16.2 million) of capitalised borrowing costs, which is also included in the applicable mine by mine tables above.

2. Petra's annual Capex guidance is cash based and excludes capitalised borrowing costs. Given that the majority of Petra's debt funding is in relation to its expansion and development programmes, Petra's guidance is to assume that the majority of interest and financing fees will be capitalised for the duration of the project phase and not expensed through the income statement. 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
TSTEAXFSADSNEFF
Date   Source Headline
8th Mar 20247:23 amPRNDirectorate Change
20th Feb 20247:00 amRNSH1 FY 2024 Interim Results
16th Feb 20247:00 amRNSFinal sales results for Tender 4 FY 2024
13th Feb 20247:00 amRNSNotification of H1 FY 2024 Interim Results
18th Jan 20247:00 amRNSDirector Share Awards
16th Jan 20247:00 amRNSH1 FY 2024 Operating Update
10th Jan 20247:00 amRNSNotification of H1 FY 2024 Operating Update
21st Dec 202310:40 amRNSDirectorate Change
20th Dec 20237:00 amRNSBoard Changes
14th Dec 20237:00 amRNSFinal sales results for Tender 3 FY 2024
13th Dec 202310:47 amRNSPotential Sale of Koffiefontein
8th Dec 20231:00 pmRNSHolding(s) in Company
8th Dec 202311:23 amRNSListing Rule 9.6.14 (R) Disclosure
8th Dec 20237:00 amRNSInitial sales results for Tender 3 FY 2024
8th Dec 20237:00 amRNSApproval of increase in Revolving Credit Facility
6th Dec 202312:25 pmRNSHolding(s) in Company
14th Nov 202311:06 amRNSResult of AGM
13th Nov 20232:45 pmRNSDirectorate Change
8th Nov 20234:03 pmRNSDirector/PDMR Shareholding
1st Nov 20237:00 amRNSImproved resilience through capital deferrals
24th Oct 20233:21 pmRNSHolding(s) in Company
24th Oct 20237:00 amRNSQ1 FY 2024 Operating Update
19th Oct 20237:00 amRNSDirector Share Awards
19th Oct 20237:00 amRNSDirector Share Vesting
17th Oct 20237:01 amRNSNotification of Q1 FY 2024 Operating Update
17th Oct 20237:00 amRNSSales results for Tender 2 FY 2024
11th Oct 202310:54 amRNSHolding(s) in Company
10th Oct 20237:00 amRNSPublication of 2023 Reports and Notice of AGM
6th Oct 20237:00 amRNSInitial sales results for 75% of Tender 2 FY 2024
15th Sep 20237:01 amRNSDirectorate Change
15th Sep 20237:00 amRNSPreliminary Results for FY 2023
11th Sep 202311:10 amRNSShort delay of FY 2023 Preliminary Results
5th Sep 20237:00 amRNSNotification of FY 2023 Preliminary Results
25th Aug 20237:00 amRNSFirst tender of FY 2024 yields US$79.3m in sales
10th Aug 20232:15 pmRNSHolding(s) in Company
9th Aug 202310:04 amRNSHolding(s) in Company
18th Jul 20237:00 amRNSQ4 and FY 2023 Operating Update
12th Jul 20237:00 amRNSNotification of Q4 and FY 2023 Operating Update
28th Jun 20237:00 amRNSPublication of Presentation
7th Jun 20237:00 amRNSPostponement of Tender 6 FY 2023
31st May 20237:00 amRNSClass 2 Announcement
19th May 20234:00 pmRNSHolding(s) in Company
19th May 20237:00 amRNSSales results for Tender 5 FY 2023
9th May 20238:55 amRNSDirector Declaration
25th Apr 202310:00 amRNSHolding(s) in Company
24th Apr 202310:00 amRNSHolding(s) in Company
21st Apr 202310:00 amRNSHolding(s) in Company
18th Apr 20234:15 pmRNSHolding(s) in Company
18th Apr 20237:00 amRNSQ3 FY 2023 Operating Update
11th Apr 20237:00 amRNSNotification of Q3 FY 2023 Operating Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

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.