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Petra Diamonds Ltd (PDL.L)

PDL.L on London Stock Exchange

65.10GBp
19 Jun 2018
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Wed, Jun 13 2018

Petra Diamonds shareholders back rights issue

LONDON, June 13 Shareholders in mining company Petra Diamonds on Wednesday approved a rights issue to raise about $170 million to help cut its debt burden, driving the share price around 5 percent higher.

UPDATE 1-Petra Diamonds says it urgently needs to raise $178 mln to cut debt

LONDON, May 24 Mining firm Petra Diamonds said it aims to raise $178 million to help cut its debt burden, and warned it could run low on working capital and breach its debt covenants if shareholders do not back the proposed rights issue.

Petra Diamonds secures new debt agreements with lenders

LONDON, April 10 Petra Diamonds said on Tuesday that it has finalised an agreement with its lenders for a waiver of its December 2017 debt covenant and a resetting of debt agreements for this year.

UPDATE 1-Petra Diamonds' first-half core earnings fall 8 pct

Feb 19 Petra Diamonds Ltd said core earnings fell 8 percent in the first half of the year, hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.

Petra Diamonds' first-half core earnings fall 8 pct

Feb 19 Petra Diamonds Ltd said core earnings fell 8 percent in the first half of the year, hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.

UPDATE 2-Petra Diamonds shares slump after profit warning

* Shares fall as much as 20 pct (Adds details, background, shares)

Petra Diamonds sees lower-than-expected core earnings, cuts 2018 output view

Jan 29 Petra Diamonds Ltd said on Monday it expects full-year core earnings to come in about 10 percent to 15 percent below consensus, and cut its 2018 production forecast.

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