Petra Diamonds Share News (PDL)

Petra targets lower operating costs, appoints new CFO

(Sharecast News) - Petra Diamonds updated the market on its strategic developments on Thursday, as well as the appointment of a new chief financial officer in Johan Snyman, effective 1 October.

SMALL-CAP WINNERS & LOSERS: Funding Circle up on US sale plan

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

IN BRIEF: Petra Diamonds concludes wage agreement in South Africa

Petra Diamonds Ltd - diamond mining group - Concludes a five-year wage agreement with the National Union of Mineworkers, covering its South African operations. The period covers the period from July 1 this year to June 30, 2029. The workers will receive a salary raise of between 5.75% and 6.50% every year from financial year 2025 to financial 2029, or a raise in line with the consumer price index, whichever is the greater. Chief Executive Richard Duffy says: "We thank our partners in the NUM for their positive and constructive engagement in concluding this agreement against the backdrop of a challenging period for the industry. This allows for continued certainty on fixed labour costs at our South African operations and enables us to renew our focus on operational delivery as we continue to build further resilience in the business."

SMALL-CAP WINNERS & LOSERS: Gulf Marine up on four year contract

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

SMALL-CAP WINNERS & LOSERS: Petra Diamonds enters "milestone" PPA

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

IN BRIEF: Petra Diamonds enters into long-term renewable energy deal

Petra Diamonds Ltd- diamond mining group with operations in South Africa and Tanzania - On Thursday, says it entered a "milestone" long-term power purchase agreement for renewable energy procurement. Petra will procure wheeled renewable energy for its Cullinan and Finsch diamond mines from Etana Energy, a licenced South Africa energy trader. The agreements will supply each operation with between 36% and 72% of the expected load requirement from financial year 2026 onwards through utilising the existing electrical grid.

IN BRIEF: Petra Diamonds Non-Executive Director buys GBP600,000 shares

Petra Diamonds Ltd - Bermuda-based diamond mining group - Non-Executive Director Jose-Manuel Vargas buys 1.5 million shares at average 40 pence each on Friday. Worth total GBP600,000. Vargas now holds 17.0 million shares, just under 8.8% of the company's issued share capital.

Petra Diamonds reports mixed results from latest tender

(Sharecast News) - Petra Diamonds announced the results of its sixth tender for the 2024 financial year on Friday, revealing a mixed performance in its rough diamond sales.

SMALL-CAP WINNERS & LOSERS: Chrysalis Investments reassures on wefox

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

SMALL-CAP WINNERS & LOSERS: PayPoint rises as stays on track

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Monday.

EARNINGS AND TRADING: J Smart boosts revenue, Tertiary starts drilling

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

LONDON BROKER RATINGS: RBC raises Admiral; Barclays cuts Phoenix Group

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

UK earnings, trading statements calendar - next 7 days

Petra Diamonds signs deal to sell Koffiefontein; targets cost savings

(Alliance News) - Petra Diamonds Ltd on Monday announced steps to reduce cost and gave an update on the sale of its interest in the Koffiefontein diamond mine in South Africa.

IN BRIEF: Petra Diamonds CFO Breytenbach to leave by end of September

Petra Diamonds Ltd - Bermuda-based diamond mining group - Chief Financial Officer Jacques Breytenbach will resign from his role and as a director of the company towards the end of September, citing personal reasons. The company immediately starts search for a new CFO. "If the appointment of a new CFO becomes effective before the end of his notice period, Jacques will step down earlier to accommodate this," Petra Diamonds says.