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Petra
Petra Names New CEO to Drive Turnaround
Petra Diamonds has appointed mining veteran Richard Duffy as its new CEO in the hope he will return the company to positive cash flow and lower debt.“[Duffy] brings with him an impressive depth of globalmining experience,...
Mining Feb 18, 2019 Rapaport News
Petra Varda Shine 150
Petra Adds Ex-De Beers Exec to Board
Petra Diamonds has appointed former De Beers executive VardaShine as a non-executive director in line with a plan to refresh its leadership,the miner said Monday. Shine was CEO of the Diamond Trading Company — now DeBeers Global Sightholder...
Mining Oct 29, 2018 Rapaport News
Petra Johan Dippenaar
Petra Boss Steps Down Amid $203M Loss
Petra Diamonds CEO Johan Dippenaar will leave the company afterit recorded a huge loss during the fiscal year, it said Monday. The company reported a net loss of $203.1 million for the periodending June...
Mining Sep 17, 2018 Rapaport News
Petra 150
Petra Drops After Weak Production Outlook
Shares in Petra Diamonds slipped on Monday after the miner loweredits production forecast for fiscal 2019. The company expects to produce between 4.6 million and 4.8million carats in the fiscal year ending June 2019,...
Mining Jul 23, 2018 Rapaport News
Petra Diamonds
Petra to Raise $178M to Repay Debt
Petra Diamonds plans to sell stock to shareholders in a bidto raise $178 million and pay off its debt, it said Thursday. The miner will issue 332.8 million new shares for $0.54 (GBP0.40) each, a steep...
Mining May 24, 2018 Rapaport News
Petra Finsch 150
Price Rise Lifts Petra Rough Sales
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%...
Mining Apr 24, 2018 Rapaport News
Petra Diamonds CEO Johan Dippenaar holding 122.52
Petra Diamonds Posts Heavy Loss
Petra Diamonds slumped to a significant loss in the first fiscalhalf as the South African rand strengthened against the dollar, reducing the value of two mines the company operates in the country. The net loss came...
Mining Feb 19, 2018 Rapaport News
Cullinan Mine Workers 150
Diamond Seizure Dents Petra’s Sales
Petra Diamonds’ sales fell in the first fiscal half afterthe Tanzanian government confiscated a parcel of rough stones from itsWilliamson mine. Authorities seized 71,654 carats destined for Antwerp inSeptember, claiming that Petra had...
Mining Jan 29, 2018 Rapaport News
Williamson Petra Tanzania
Confiscated Diamonds Weigh on Petra Revenue
Petra Diamonds reported a 17% slide in revenue during its first fiscal quarter after a valuation dispute with Tanzanian authorities.Revenue fell to $78.7 million in the July-to-September quarter, including $10.9 million in revenue from exceptional diamonds,...
Mining Oct 23, 2017 Rapaport News
blue diamond
Petra Diamonds Sees Steady Rough Demand
Petra Diamonds’ sales slipped 1% in the third fiscal quarteramid a stable rough market, the miner reported.The company’s sales declined to $119.1 million during thethree months that ended March 31, it said Monday, adding that...
Mining Apr 24, 2017 Rapaport News
Finsch Mine
Petra’s Rough Diamond Sales Sparkle
Petra Diamonds said revenue leapt 48 percent in the firstfiscal half because of steady demand following a stabilization in the roughmarket.Sales grew to $228.5 million during the six months thatended December 31, the miner reported. Excluding...
Mining Jan 23, 2017 Rapaport News
Cullinan mine Petra
Petra Diamonds Production Rises 30%
Petra Diamonds said output jumped in the first fiscal quarteras mining grades were higher.Rough diamond production grew 30 percent to 1.1 million carats inthe three months that ended September 30 because of increased contribution from“undiluted...
Mining Oct 25, 2016 Rapaport News
Kimberley Mine Petra Ekapa
Petra, Ekapa Combine Kimberley Operations
Petra Diamonds and Ekapa Mining agreed to merge theiroperations in South Africa's Kimberley region in a bid to extend mining in thehistoric diamond-mining area.As part of the deal Petra’s Kimberley Underground mines,Ekapa’s tailings operations, the Kimberley Miners...
Mining Jul 10, 2016 Rapaport News
Finsch Mine
Petra Diamonds Reports Production +1%, Zero Revenue in 1Q
Petra Diamond reported that production rose 1 percent year on year to 842,796 carats during its first fiscal quarter ending September 30, towards its goal of more than 3.3 million carats in fiscal 2016. The...
Mining Oct 28, 2015 Rapaport News
Finsch Mine
Petra's 1H Revenue +19%, Production +33%
Petra Diamonds reported that revenue grew 19 percent year on year to $185.5 million for the first half that ended on December 31. The volume of diamond carats sold during the period rose 33 percent to 1,140,479...
Mining Jan 23, 2014 Deena Taylor
Cullinan Mine
Petra's 3Q Revenue +8% to $106M
Petra Diamonds reported that revenue rose 8 percent year on year to $105.7 million during the third fiscal quarter that ended on March 31, as production rose and the rough market continued to firm up. Petra...
Rough Markets May 08, 2013 Deena Taylor
petra diamonds
Petra's Dippenaar Upbeat for Small Diamond Demand
Demand for small diamonds has remained robust through the past few months and is expected to provide long term support for the industry, according to Johan Dippenaar, the chief executive of Petra Diamonds. China’s...
Rough Markets Mar 14, 2012 Avi Krawitz
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