Sydney, Mar 13, 2006 AEST (ABN Newswire) - Petra Diamonds Limited (ASX: PDL)(LSE: PDL), the AIM-quoted and ASX-listed diamond mining group, announces the recovery of a 67.1 carat diamond from its South Africa operations. The diamond is of high quality and is expected, on sale, to realise a significant value.
This stone is in addition to the 76 carat diamond recovered in November 2005 which was sold for US$465,000.
Johan Dippenaar, Petra's CEO, commented, 'We are delighted to announce the recovery of another exceptional stone. Recoveries such as this, combined with the production growth being achieved from the South African mines in an environment of stringent cost control, give a sound platform for Petra's operating results going forward.
Whilst such recoveries cannot be guaranteed on a regular basis, the improvements to the mining methods put in place over the last six months increase our expectation of further such recoveries.'
Contact
Kevin Skinner
Senior Consultant
FIELD PUBLIC RELATIONS
231 South Road
MILE END SA 5031
Tel: (08) 8234 9555
Fax: (08) 8234 9566
Mob: 0414 822 631
kevin@fieldpr.com.au
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