Business
Appointment of new AIM advise
Appointment of new AIM advise.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n RNS Number : 1491C Petra Diamonds Ld 09 November 2009 \n \n\n\n\n\n\n\n\nImmediate release\n\n\n9 November 2009\n\n\n\n\n\n\nPetra Diamonds Limited \n\nAppointment of new AIM adviser\n\n\nPetra Diamonds Limited, the international diamond mining group, announces the appointment of Canaccord Adams Limited as its sole AIM broker and nominated adviser with immediate effect.\n\n\nFor further information, please contact:\n\n\n\n\n\nCathy Roberts\n\n\nTelephone: +44 20 7318 0452\n\n\n\n\nPetra Diamonds, London\n\n\[email protected] \n\n\n\n\n\n\n\n\n\nBobby Morse / James Strong\n\n\nTelephone: +44 20 7466 5000\n\n\n\n\nBuchanan Communications\n\n\[email protected] / [email protected] \n\n\n\n\n\n\n\n\n\nMike Jones / Ryan Gaffney\n\n\nTelephone: +44 20 7050 6500\n\n\n\n\nCanaccord Adams\n\n\[email protected]\[email protected]\n\n\n\n\n\n~ Ends ~\n\nAbout Petra Diamonds\nPetra Diamonds is a leading supplier of rough diamonds. A number of acquisitions have established Petra as one of the world's largest independent diamond groups by resources, with a total resource base of 262 million carats. Petra has seen its annual production rise fivefold in the year to June 2009 to over 1 million carats and the Company's objective is to continue to increase supply and develop its stature as a world-class diamond group.\n\nIn South Africa, Petra has interests in five producing mines - Cullinan, Koffiefontein, Helam, Sedibeng and Star - and has also agreed to acquire, from De Beers, the Kimberley Underground mines. In Tanzania, Petra has an interest in the Williamson mine. These mines are noted for the production of valuable diamonds, but in particular the Cullinan mine is famed as the source of the largest rough gem diamond ever found. More recently an internally flawless, fancy vivid blue diamond of 7.03 carats from the Cullinan mine sold for US$9.4 million in May 2009, the highest price per carat ever paid for any gemstone sold at auction, and a white diamond of over 507 carats was recovered in September 2009. \n\nPetra conducts all its operations according to the highest ethical standards, and will only work in coun...