Cost savings target increased to more than US$30m per annum and entry into definitive transaction agreement for the sale of Koffiefontein.
8 April 2024 LSE: PDL Petra Diamonds Limited (Petra, the Company or the Group) Cost savings target increased to more than US$30m per annum and entry into definitive transaction agreement for the sale of Koffiefontein In line with its approach to building business resilience, Petra announces additional steps to reduce costs and provides an update of the sale of its interest in the Koffiefontein Diamond Mine (KDM). Richard Duffy, Petra’s Chief Executive Officer, said: “We remain on track to deliver the US$75 million of cash savings in FY