Trading at 25.3% below our estimate of its fair value. Petra Diamonds is a leading independent diamond mining group and … The Petra Diamonds share price has risen by 3.66% over the past month and it’s currently trading at 1.7.For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue. The diamond will be sold via a special tender. At 31 December 2020 , unrestricted cash was US$92.4m , the Company had fully drawn bank facilities and the diamond inventory was valued at US$105.0m . Petra Diamonds Ltd - Completion of the Restructuring PR Newswire London, March 9 FOR IMMEDIATE RELEASE 10 March 2021 LSE: PDL Petra Petra Diamonds' focus has shifted from exploration to production, becoming one of the largest independent producers of diamonds in Africa. Petra Diamonds Limited () Stock Market info Recommendations: Buy or sell Petra Diamonds stock? It holds interest in three underground producing mines, including Cullinan, Finsch, and Koffiefontein mines located in South Africa; and an open pit mine located in Williamson, Tanzania. Petra Diamonds’ revenue rose in the third fiscal quarter as demand improved and rough prices returned to pre-pandemic levels. Petra Diamonds, London Telephone: +44 20 7494 8203Des Kilalea investorrelations@petradiamonds.com Marianna Bowes . Petra Diamonds has recovered a blue diamond weighing 39.34 carats at its Cullinan mine in South Africa, noting the stone’s “exceptional quality in terms of both its color and clarity.” The company will likely offer the type IIb diamond via a special tender, it said Thursday. Credit: Petra . Life needs updates after all, and the same applies to diamond mining. 2,077 talking about this. In this article we will quickly re-cap the broker forecasts for Petra Diamonds (). Ilan Solomons takes an in-depth look for Creamer's Engineering News at the progress Petra Diamonds is making on the $295 million C-Cut Phase 1 expansion project, which will initially extend its Cullinan diamond mine’s life span by about 15 years. The other three producing mines are in South Africa. 2,772 talking about this. Richard Duffy. View the latest Petra Diamonds Ltd. (PDL) stock price, news, historical charts, analyst ratings and financial information from WSJ. Petra Diamonds has announced the recovery of a 39.34 carat Type IIb blue diamond “of exceptional quality in terms of both its colour and clarity” at its Cullinan mine in South Africa. More Details. Share your opinion and gain insight from other stock traders and investors. Rewards. Petra Diamonds had unrestricted cash of US$139.8m, available undrawn banking facilities of US$10.8m and diamond inventory valued at US$75.5m as at 31 March 2021. COVID-19 has exacerbated the struggles that the company was already facing. Petra Diamonds is a leading independent diamond mining group and an increasingly important supplier of rough diamonds to the international market. Late last week, Petra Diamonds confirmed that its “Project 2022” initiative was fully operational at both mine sites and the group level. Earnings are forecast to grow 77.3% per year. Advert Job Application Apply now. If you wants to work with Petra Diamonds Vacancies for Free State Government Jobs 2021 in , now available for you. This position is based at Cullinan Mine (Gauteng). The Company is delighted to announce that it has today completed the implementation of the recapitalisation of the Group (the "Restructuring") initially announced on 20 October 2020. Petra Diamonds is not the only stock insiders are buying. View recent trades and share price information for Petra Diamonds (PDL) ORD GBP0.00001 (DI) Petra Diamonds has had a tumultuous few years. Petra Diamonds is a leading independent diamond mining group and … Petra’s rare collection was recovered in September 2020 at the famous Culinnan Mine in South Africa. The mine is one of several that it owns. Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. Sales climbed 16% year on year to $106 million for the three months ending March 31, while sales volume slipped 1% … Introduction. It also needs updates to keep up with the current technology, trends, and everything in order to survive. Petra Diamonds Vacancies 2021-2022: Apply for Government Vacancies in Petra Diamonds Vacancies. These mines include the Cullinan Diamond Mine famed for having produced the world's largest rough and polished diamond. The latest Petra Diamonds (PDL) ORD GBP0.00001 (DI) share price (PDL). The results were announced on 25 November. The company said it … PETRA Diamonds, a UK-listed diamond firm that operates in South Africa and Tanzania, sought to ease shareholder concerns regarding its status as a going concern saying in a statement today it had enough cash and access to debt to meet its liabilities. Petra Diamonds Notification of Q3 FY 2021 Trading Update: 30/3/2021: 07:00: UKREG: Petra Diamonds Update re the Publication of Report on Williamson Mine: 25/3/2021: 13:07: ALNC: Watchdog RAID claims eye witness account of "abuses" at Petra mine: 25/3/2021: 11:36: UKREG: Petra Diamonds Response to report published by RAID: 17/3/2021: 16:11: UKREG In June 2012, Petra owns 5 of the world's most productive mines historically. Petra Diamonds has bursaries programs to support the diamond mining industry by finding young generation with potentials to improve the quality of their diamond mining. Petra Diamonds Limited ("Petra", "PDL" or the "Company" or, in conjunction with its subsidiaries, the "Group") Completion of the Restructuring. Petra Diamonds shareholders will see another day as an agreement is reached which leaves 9% of the total share capital to original shareholders, while 91% of capital is distributed to noteholders. Find the latest PETRA DIAMONDS (PDMDF) stock discussion in Yahoo Finance's forum. This milestone, coming in the face of recent output disruptions and the suspension of the company’s production guidance following the … The shine came off Petra Diamonds shares as it was rattled by lower diamond prices. Petra Diamonds must restructure debt despite strong recovery Hefty shareholder dilution is still on the cards despite SA mines returning to normal production and improved rough diamond prices. Petra Diamonds promotes an ethical image to help sell its diamonds, but that image is contradicted by the experiences of local community members. Petra Diamonds acquired the Williamson Mine in 2009 from De Beers. CUL478 - Rigger Ropesman - Cullinan Mine - closing 14 April 2021. Last March, Petra sold a 299.3 carat diamond, unearthed at the prolific Cullinan mine, for $12.18 million to Stargems DMCC. Richard Duffy, Petra Diamonds CE, says the special tender process for the blue diamonds collection closed on 24 November. Petra most likely damaged her armor during her travels as she is only wearing parts of it, these parts being the right shoulder-pad and tasset, and her chest plate is missing most of its previous contents such as the diamond. This is the dream Jobs … Petra Diamonds Limited engages in the mining, exploration, processing, sorting, and sale of rough diamonds in South Africa and Tanzania. “The result of this special tender affirms the very high value placed on blue diamonds. 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