Business
Updated Group Resources worth
Updated Group Resources worth.
About this update from Petra Diamonds Limited
[{"type":"text","content":"\n RNS Number : 0451E Petra Diamonds Ld 23 September 2008 \n\n\n\n\n\n\n23 September 2008\n\n\nAIM: PDL\n\n\n\n\n\n\nPetra Diamonds Limited\n\nUpdated Group Resources worth US$27.3 billion\n\n\nPetra Diamonds ('Petra' or 'the Group'), the international diamond mining group, today announces an updated statement of the Group's reserves and resources. The statement has been prepared in accordance with the guidelines of the JORC code and is in respect of the Cullinan, Koffiefontein, Williamson, Kimberley Underground, Helam, Sedibeng and Star mines. The acquisitions by Petra of majority interests in the Williamson and Kimberley Underground mines are expected to complete by end October 2008 and end December 2008 respectively.\n\nHighlights \n\n\nUpdated carat base of 265 million carats gross (121 million carats attributable) (October 2007: 11.38 million carats gross; 9.33 million carats attributable), a transformational increase for the Group\n\n\n\n\nIn-situ value of US$27.3 billion gross (US$13.7 billion attributable)\n\n\n\n\nIncrease due to the inclusion of:\n\n\nCullinan, the world's second largest indicated diamond resource by in-situ value at 208 million carats; \n\n\nWilliamson, a major resource of over 40 million carats; and \n\n\nKimberley Underground, at over 6 million carats.\n\n\n\n\n\n\n\n\n\n\nSUMMARY OF RESERVES AND RESOURCES BY STATUS - COMBINED OPERATIONS - SEPTEMBER 2008\n\n\n\n\nCategory\n\n\nGross\n\n\nNet attributable \n\n\n\n\nTonnes (millions)\n\n\nGrade (cpht)\n\n\nContained Diamonds (mcts)\n\n\nTonnes (millions)\n\n\nGrade (cpht*)\n\n\nContained Diamonds (mcts)\n\n\n\n\n\nOre/Diamond Reserves \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nProven \n\n\n19.819\n\n\n7.51\n\n\n1.488\n\n\n14.195\n\n\n8.83\n\n\n1.254\n\n\n\n\nProbable \n\n\n39.794\n\n\n30.43\n\n\n12.111\n\n\n23.192\n\n\n26.44\n\n\n6.132\n\n\n\n\nTotal Diamond Reserves \n\n\n59.613\n\n\n22.81\n\n\n13.599\n\n\n37.386\n\n\n19.76\n\n\n7.386\n\n\n\n\n\nDiamond Resources \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nMeasured\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\nIndicated\n\n\n366.760\n\n\n51.66\n\n\n189.460\n\n\n177.173\n\n\n40.98\n\n\n72.606\n\n\n\n\nInferred\n\n\n1,207.838\...