GJ Town India

Petra Diamonds Limited announces the appointment of Mrs Varda Shine and Mr Bernard Pryor to its Board as Independent Non-Executive Directors, with effect from 1 January 2019. These appointments have been made in accordance with the Nomination Committee’s three year Succession Plan which is in line with Petra’s development from a phase of intensive capital expenditure and expansion to a focus on steady-state operations. In addition, the Company is further reviewing and optimising the composition of the Board, board committees and senior management structures as well as addressing improving diversity at the higher levels of the business. Further announcements to this end will be made during the course of FY 2019. Petra’s Chairman, Adonis Pouroulis, commented: “It gives me great pleasure to welcome Varda and Bernard to the Board. Their significant experience and expertise in both the mining sector and the diamond world will be a considerable asset to our Board and we look...

De Beers to swell output by 25 percent this year In the response to the straight question sited by the JNI, Varda Shine, CEO & MD- DTC, said to swell output by 25% in the year 2010. Varda spell a growth this year, ‘Demand would be at the rate of GDP or slightly higher than the GDP growth.’ ‘De Beers would make decision on 25% more mining than the last year.’ ‘Last year in 2009 production of rough was 24.6 mn cts and this year about 30mn cts are projected.’ The global rough sales of DTC that chop down at US $ 3.24bn in the year 2009 which had been registered worth of US $ 5.86bn in the year 2008. In the Q1 of year 2010 DTC sales hiked up, “For the first three months of 2010, our sales were three times the size of 2009... That is quite a big jump and indication of the change in the market.” The DTC sight estimated worth of about US $ 1500mn for the Q1, year 2010 where as in the year 2009, Q1 total estimated of US $ 536mn. In this line Varda said, ‘finding a...