London, England — 07 October 2013 – Further to the recent industrial action at certain of the group’s South African mines, which concluded on 16 September 2013, Petra Diamonds has announced that production of 816,735 carats was delivered for the three months to 30 September 2013.
Given this strong production run rate (despite the challenging labour conditions and associated work stoppages), Petra remains on track to meet its stated production guidance of 3.0Mcts for the full 2014 financial year to 30 June, the company said in its statement.
Petra will release its Interim Management Statement, giving detailed production and sales results for Q1 FY 2014, in November. This material production update has been given following the conclusion of the industrial action.
Petra CEO Johan Dippenaar commented: “We are very pleased with the strong production rate with which we have started the 2014 financial year. Delivering this performance is testament to the quality and perseverance of Petra’s operations management teams. The company remains firmly on track to reach its planned record output of 3 million carats in FY 2014.”
Source: Petra Diamonds. For more information, click here.