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Petra Revenue Drops as Prices Weaken
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Petra Diamonds’ shares fell 11% in early trading Monday after the miner reported a slide in revenue resulting from weak rough prices.Revenue fell 6% to $193.9 million in the first fiscal half ending December 31, while...
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Mining
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Jan 27, 2020
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Rapaport News
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Troubles at Finsch Mine Hit Petra Output
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Production at Petra Diamonds fell in the third fiscalquarter due to operational challenges at its Finsch mine in South Africa, it said Monday. Output for the three months ending March 31 dropped 7% to924,228 carats. Production at Finsch plunged...
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Mining
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Apr 15, 2019
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Rapaport News
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Price Rise Lifts Petra Rough Sales
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Petra Diamonds saw a jump in revenue in the third fiscal quarter amid a stronger rough market.Revenue surged 44% year on year to $172 million for the three months ending March 31, while salesvolume increased 28%...
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Mining
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Apr 24, 2018
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Rapaport News
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Petra's FY Revenue +35%, Profit -16%
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Petra Diamonds reported that revenues rose 35 percent year on year to $220.6 million during its fiscal year that ended on June 30, 2011. The sales increase was driven by higher rough diamond prices. However,...
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Mining
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Sep 19, 2011
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Dilipp S Nag
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Petra Closes Finsch Acquisition
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Petra Diamonds has taken over management of the Finsch mine in South Africa after closing its $192 million acquisition of the mine from De Beers. ''This acquisition is a further progression of our strategy to build one of the...
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Mining
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Sep 15, 2011
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Avi Krawitz
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Petra Diamonds Profits Fall 35% in FY1H
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Petra Diamonds reported that net profits fell 35 percent year on year to $24.5 million during the six months that ended December 31, 2010, but the mining company remained positive for growth in the...
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Mining
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Feb 21, 2011
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Avi Krawitz
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