Annual Report and Accounts 2013
Petra Diamonds Limited 13
Overview
Performance Review
Strategic Review
Sustainability
Corporate Governance
Group Accounts
Industrial action in South Africa
Post Year end, certain of the Company’s South African mines
(Cullinan, Koffiefontein, Kimberley Underground and Helam)
were affected by industrial action which commenced on
Thursday 29 August 2013, with normal operations resuming
from Monday 16 September 2013.
However, despite the industrial action, due to the strong
production run rate with which Petra commenced FY 2014,
the Company remains on track for full year production
to increase ca. 12% to 3.0 Mcts in FY 2014.
Outlook
Whilst economic conditions continue to remain challenging,
we believe that the long-term outlook for the Group is positive.
Petra has compiled a high quality portfolio of producing assets
and will continue to significantly increase production in the
years to come, supplying into what is expected to be a buoyant
diamond market. True sustainability remains central to the way
we structure all projects, ensuring that all our stakeholders
benefit from our future success.
None of this would be possible without the hard work and
motivation of our team, as well as our valued partnerships
with our Government and BEE partners. I would like to thank
you all for your individual contribution to realising our strategy.
Johan Dippenaar
Chief Executive Officer
11 October 2013
Whilst economic conditions continue to remain challenging, we believe that the long-term
outlook for the Group is positive. Petra has compiled a high quality portfolio of producing
assets and will continue to significantly increase production in the years to come.
Petra helps combat South Africa’s illiteracy rate by offering part time adult basic education and training (“ABET”), providing
employees with the opportunity to gain a minimum level of education and thereby setting them up for potential further
education and development opportunities, as well as instilling a culture of life-long learning. The Company has access to
ABET facilities at all of its South African operations. In Tanzania, the workforce has a much higher level of basic education.
Life-long learning
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