The company has announced a US$300m bond offering in conjunction with restructuring and increase of existing debt facilities. The funds will be used to partially finance an estimated US$142.8m new plant at Cullinan. The new plant is expected to come on stream in the last quarter of FY 2017 and will provide the technology and efficiency levels to optimise the expanded production from Cullinan. The latter is also an important source of large stones with new milling and grinding technology to re
27 Apr 2015
New Plant at Cullinan & Earnings Review
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New Plant at Cullinan & Earnings Review
Petra Diamonds Limited (PDL:LON) | 42.5 0 0.0% | Mkt Cap: 82.5m
- Published:
27 Apr 2015 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
8
The company has announced a US$300m bond offering in conjunction with restructuring and increase of existing debt facilities. The funds will be used to partially finance an estimated US$142.8m new plant at Cullinan. The new plant is expected to come on stream in the last quarter of FY 2017 and will provide the technology and efficiency levels to optimise the expanded production from Cullinan. The latter is also an important source of large stones with new milling and grinding technology to re