GJ Town India

Standalone tender for Letlapa Tala Collection in November   Petra Diamonds Limited announces the following unaudited Trading Update for the three months ended 30 September 2020, Q1 FY 2021. Q1 production down 10% to 974,346 carats against the same period-Q1 FY 2020 had remained of 1,082,764 carats, mainly due to the Williamson mine remaining on care and maintenance.   Q1 revenue increased 33% to US$82.0 million over the Q1 FY 2020 of US$61.6 million, mainly due to the release of inventory carried over from Q4 FY 2020. Although diamond prices increased ca. 21% on a like-for-like basis at the September 2020 tender in comparison to the prices obtained following the Covid-19 outbreak, with a further ca. 2% increase at the October 2020 tender post Period end, prices are still down around 10% in comparison to pre-Covid-19 levels.   Due to ongoing uncertainty around the impact of Covid-19, production guidance for FY 2021 remains suspended. While the mines are generally ope...

Production registered up to 1068140 carats Petra Diamonds Limited announces unaudited result for the period for Q1 FY 2019. According to the highlights, Q1 production registered up 21% to 1,068,140 carats (Q1 FY 2018: 883,803 carats), mainly driven by a 25% increase in ROM production across the operations to 1,022,571 carats (Q1 FY 2018: 815,571 carats), offset by planned reductions in tailings recoveries at Finsch. Q1 revenue up 22% to US$80.2 million from 626,541 carats sold (Q1 FY 2018: US$65.8 million from 586,571 carats sold). Diamond prices for Q1 on a like-for-like basis were down ca. 5% in comparison to FY 2018 due to the usual seasonal weakness, but partially offset by the improvement in product mix. The new South African Mining Charter, which was published on 27 September 2018, has served to remove uncertainty and has addressed a number of concerns. During Q1, the South African Rand has continued to weaken against the US Dollar from ZAR13.73: US$1 at 30 Jun...