Sale of Diamonds

 

TIDMPDF 
 
RNS Number : 1827H 
Pangea DiamondFields PLC 
16 February 2010 
 

 
 
 
 
                            Pangea DiamondFields plc 
                          ('Pangea' or the 'Company') 
 
                Sale of Diamonds - Continued Positive Price Trend 
 
Pangea DiamondFields plc (AIM: PDF), the diamond producer and exploration 
company, announces that recent prices realised for sale of its diamond 
production in Angola have continued to exhibit an upward trend. 
 
The sale of 2,813 carats, which took place last week in Luanda, yielded an 
average price of US$160.00 per carat before sales taxes. This represents 
approximately 89% of the Company's long term target price of US$180.00 per 
carat, a target which was set prior to the fall in the price of diamonds in 
2009, and is well in excess of the currently budgeted level of US$140 per carat. 
 
 
Further information: 
 
+----------------------+------------------------+-----------------------+ 
| Pangea DiamondFields | Ambrian Partners       | Walbrook PR Ltd       | 
| plc                  | Limited                |                       | 
|                      |                        |                       | 
+----------------------+------------------------+-----------------------+ 
| Boris Kamstra        | Richard Brown /        | Louise Goodeve / Leah | 
|                      | Richard Greenfield     | Kramer                | 
+----------------------+------------------------+-----------------------+ 
| T: [phone]   | T: [phone]     | T: [phone]    | 
|                      | 4700                   | 8780                  | 
|                      |                        |                       | 
+----------------------+------------------------+-----------------------+ 
Notes to Editors: 
 
About Pangea Diamondfields PLC 
 
Pangea DiamondFields plc (AIM: PDF) is an emerging diamond producer and 
exploration company with a portfolio of eight projects each with multiple 
resource targets, located in the Central African Republic, Democratic Republic 
of the Congo, South Africa and Angola. The Company aims to minimise risk by 
diversifying its projects geographically. 
 
PDF listed on AIM in October 2006 and is led by a strong management team, with a 
track record for creating shareholder value in mineral exploration. 
 
 For more information on PDF, please visit: 
http://www.pangeadiamondfields.com/ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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