Petra Diamonds Limited
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Juan Kemp
- Full Time Employees
- 2,870
- Sector
- Basic Materials
- Industry
- Other Precious Metals
- Address
- 15–17 Heddon Street London United Kingdom W1B 4BF
- IPO Date
- Jun 9, 2010
- Website
- petradiamonds.com
- Similar Companies
- Business
- Petra Diamonds Limited (PDLMF) produces and sells gem-quality rough diamonds from its operations in South Africa. The company mines, processes, sorts, grades, markets, and sells rough diamonds from its flagship Cullinan mine, which produces some of the world's most valuable and largest diamonds; Finsch mine; and the former Kimberley Underground operations now integrated into streamlined South African assets, targeting the jewelry industry with high-value Type II diamonds including exceptional blue stones. Petra Diamonds employs over 4,000 people and contractors, focusing on the upstream diamond pipeline with strong sustainability credentials, ethical standards, and a value-led growth strategy emphasizing carbon footprint reduction and community benefits. Founded in 1997 and headquartered in London, United Kingdom, with its parent incorporated in Bermuda, the company lists on the London Stock Exchange main market and operates exclusively in South Africa following divestitures. Its mines hold significant resources, including the world's third-largest diamond resource at Cullinan, delivering reliable production of high-margin rough diamonds to international markets. In recent developments, Petra Diamonds completes a comprehensive recapitalisation in November 2025, including a fully underwritten £18.8 million (US$25 million) rights issue, extensions of ZAR 1.75 billion revolving credit facilities to December 2029 and US$229 million senior secured second lien notes to March 2030, and a US$25 million new money equity investment, substantially strengthening its capital structure amid diamond market challenges. The company sells its Williamson mine in Tanzania to Pink Diamonds in May 2025 and divests Koffiefontein mine to Stargems Group in October 2024 as part of an 18-month internal restructuring to simplify operations; it also enters long-term power purchase agreements for renewable energy at South African sites starting FY26. These changes follow prior debt reductions and strategic shifts, positioning Petra for sustained stakeholder value through rarity.
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Petra Diamonds Limited (PDLMF) Q2 2025 Earnings Call Transcript
Petra Diamonds Limited (PDLMF) Q4 2024 Earnings Call Transcript
Petra Diamonds Ltd (PDLMF) Q2 2024 Earnings Call Transcript
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