Petra Diamonds

💎 Today Petra announced the final sales results for its Tender 3 FY25. Highlights include: ▪️ Our third tender cycle yielded US$71 million from the sale of 700,803 carats bringing year-to-date sales revenues to US$146 million from the sale of 1,300,964 carats ▪️Like-for-like prices reduced by 7% from the previous tender cycle held in October reflecting a continued weak market across most size ranges, although we were encouraged by the 3% increase in the 5-10.8 carat category ▪️We remain committed to our target of net cash generation in FY 2025 and have commenced additional cash generation and savings initiatives ▪️Refinancing discussions have been deferred to CY 2025 to enable these cash generation initiatives to take effect and to benefit from greater certainty in respect of market conditions For the full announcement, visit our website here: https://lnkd.in/e2CquWNc

🎉We are proud to announce that Petra's Cullinan Diamond Mine has reached a remarkable milestone of 4 million fatality-free shifts! To celebrate this achievement, the CDM team planted a 🌿tree – a living symbol of our growing safety culture and unwavering commitment to Zero Harm. As we enter the Festive Season, we remain dedicated to ensuring every employee returns home safely to their loved ones. Our success is rooted in teamwork and our shared vision of #ZeroHarm #Khumbulekhaya #RememberHome #CreatingAbundanceFromReality 

At Petra, we believe in the transformative power of education and sport in our communities. Today, our Cullinan Diamond Mine Team is proud to support the Refilwe Cricket Club by donating two state-of-the-art 🏏cricket practice pitches at Chipa Tabane High School, creating opportunities for young talent to develop their skills and pursue their dreams. Our commitment goes beyond infrastructure, we are investing in the potential of our youth, providing a platform for personal growth, teamwork, and sporting excellence. We look forward to watching these young athletes grow, learn, and potentially represent the Proteas in the future. Together, we can build stronger, more vibrant communities – one opportunity at a time. #CreatingAbundanceFromRarity #CommunityDevelopment #YouthEmpowerment #SportForChange #MakingMiningMatter

At Petra, health and safety is our number one priority and we recently took home four prestigious awards at the annual MiNE SAFE Awards. Our Cullinan Mine received the top honour of Best Safety Performance in Class, while Finsch Mine was recognised with three awards for: ☑️ Most Improved Safety Performance ☑️Best Performance in Occupational Medicine ☑️Best Performance in Occupational Hygiene, marking the second consecutive year for this accolade. Last week, we also hosted the Northern Cape Mine Managers Association's 2024 SHE Day at the Finsch Mine, uniting mining operations across the Northern Cape in a powerful display of commitment to health, safety and environmental excellence. Teams from different mines competed in simulated safety scenarios, showcasing their skills in emergency response and incident management. Together, we are raising the bar in mining safety. Petra is proud to have achieved 7.6 fatality-free years – a testament to our workforce’s unwavering commitment to #ZeroHarm. Together with our industry peers, we continue on our journey to implement and uphold critical control measures, ensuring that everyone returns home safe and unharmed. #CreatingAbundanceFromRarity #ZeroHarm #MineHealth #TheSAIMM #SHEQ

October was Breast Cancer Awareness month and at Petra Diamonds, we UNITED to save lives! Our incredible teams at Cullinan Mine and Finsch were on a mission to make a real difference in 🎗cancer prevention by offering a range of services like free professional health screenings including breast examinations, pap smears and PSA testing for men. This plays a part in the valuing our people pillar of our sustainability strategy. In partnership with #CANSA, we believe early detection is our strongest weapon. Because every life matters, and every test could save a life. See below some photos from our teams having a bit of fun in the process... #CreatingAbundanceFromRarity #BreastCancerAwareness #EarlyDetectionSavesLives #Netcare #SABS #KPLime

This week, we are excited to celebrate the completion of the R6.2 million MacKenzie Road upgrade in Danielskuil, at our Finsch Mine🎉 This transformative project brings lasting benefits, including: ✅ 800m of newly upgraded road  ✅ 19 speed humps for enhanced safety  ✅ 24 local job opportunities created A huge thank you to our dedicated partners Kgatelopele Local Municipality, MVD Kalahari Consulting Engineers, and Taanil Construction for their invaluable support in making this vision a reality. “At Petra, we believe in creating abundance from rarity. This project underscores our commitment to uplifting and transforming the communities we serve,” says Jaison Rajan, FDM Operations Executive.

It has been great to see De Beers Group and Signet Jewelers’ new diamond marketing campaign “Worth the Wait” launch last week. This fresh approach to natural diamond marketing will hopefully connect to a new generation of consumers through telling the story of the rarity of natural diamonds and their connection to life’s special moments. If you haven’t watched it yet, do check it out here: https://lnkd.in/d4yezTgB #naturaldiamonds #marketing

🌍Celebrating the International Day of Climate Action this week! 💎At Petra, we are committed to a sustainable, fossil-free future and are continually exploring initiatives to reduce our carbon footprint. Our ambitious 🎯goal is to reach net zero by 2040, however, we have set a target to reduce our Scope 1 and 2 GHG emissions by 35-40% by 2030. We aim to reduce our reliance on fossil fuel energy sources by continuously finding ways to reduce energy consumption, be more efficient, and advocate for renewable power sources in line with The Paris Agreement and the UN’s #SDG on climate change. We have already reduced our emissions by 11% since 2019 through energy optimisation, waste reduction and water recycling. How are we making a difference: • We have reduced diesel consumption by 2 million litres (a 13% reduction) and improved electricity consumption by 19% (saving 93 million kWh ) compared to 2019. • Our waste reduction efforts have reduced domestic waste sent to landfills by 86% since 2019. • We have increased the volume of water recycled in our operations from 72% in 2019 to 86% in 2024. Discover our full 🌿environmental strategy and latest sustainability projects by following this link: https://lnkd.in/dd9TRngd

📢 Today we announce our Q1 FY 2025 operating update and final sales results for Tenders 1 and 2 FY 2025. - Diamond production increased 7% from the previous quarter on the back of solid performances from Cullinan Mine and Williamson, with Finsch transitioning from continuous to a two-shift operation - We recorded 4 LTIs, resulting in our LTIFR rate increasing to 0.28 from 0.13 in the previous quarter and we have since implemented a number of behaviour-based interventions aimed at improving our health and safety performance. - Revenue, including profit share arrangements, amounted to US$23 million (Q4 FY 2024: US$113 million), impacted by the deferral of the majority of our South African goods from Tender 1 - Our combined first and second tenders indicate continued weakness in the rough diamond market, which was more than offset by Petra’s product mix. Overall average prices increased 13% compared to the previous tender, with product mix contributing 22%, partially offset by a 9% decrease in like-for-like - A 18.85ct blue diamond, of exceptional quality in terms of colour and clarity (which you can see below) was sold in Q1 FY2025 for US$8.5 million into a partnership agreement and a top light brown 405ct diamond, of exceptional clarity, from Cullinan Mine that was sold for US$4.7 million. - A US$48 million drawdown was made under the ZAR1.75 billion (US$101 million) Revolving Credit Facility with Absa Bank, leaving an outstanding balance of ZAR1.30 billion (US$76 million) at 30 September 2024 - Consolidated net debt increased to US$285 million as at 30 September 2024 (30 June 2024: US$201 million) due to the deferral of the majority of our South African goods from Tender 1 For the full overview and details of the calls we are hosting today, please visit our website: https://lnkd.in/dmvpGUUf

📢 We sat down with Vivek Gadodia, Planning & Corporate Development Executive to get some insight into the work he has been driving for Petra. Vivek joined Petra in August 2021 and has become an important part of the team at Petra, joining Exco last year. Find out what he had to say on our recent updates to the market ⬇️ #PetraDiamonds #MeetTheTeam #Diamonds