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Petra Cullinan mine 072219 150
Petra to Reduce Production as Prices Slip
Shares in Petra Diamonds slipped 6% in early trading Monday after the minerreported it would lower its production for fiscal 2020. The company expects to produce about 3.8 million carats inthe financial year ending June...
Mining Jul 22, 2019 Rapaport News
Petra
Troubles at Finsch Mine Hit Petra Output
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...
Mining Apr 15, 2019 Rapaport News
Petra
Higher-Value Stones Lift Petra Revenue
Petra Diamonds’ revenue jumped in the first fiscal quarter dueto demand for higher-quality goods. Revenue surged 22% year on year to $80.2 million for thethree months ending September 30, the miner reported Monday....
Mining Oct 24, 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
Botswana Diamonds Vutomi
Explorer Looks to Revive Historic Diamond Area
Botswana Diamonds has discovered a potential spot fordiamond mining in an area of South Africa that it claims was an importantregion for the sector in the 19th century.A number of diamond mines existed in the Free State Projectarea prior...
Mining Oct 30, 2017 Rapaport News
Finsch mine Petra
Strikes End at Petra Diamonds’ Mines
Petra Diamonds has reached a new wage agreement with workers at three of its South African mines, bringing strikes atthe projects to an end.The company struck a deal with the National Union ofMineworkers over salaries at the...
Mining Oct 01, 2017 Rapaport News
Petra Diamonds Koffiefontein mine
Petra Strikes Spread to Koffiefontein Mine
Workers are striking at Petra Diamonds’ Koffiefontein minein South Africa, adding to industrial action already taking place at two of thecompany’s other projects in the country. South Africa’s National Union of Mineworkers informed therough producer of the...
Mining Sep 24, 2017 Rapaport News
Petra Kimberley Ekapa Mining
Petra Hit by Strikes at Two Mines
Workers are striking at two Petra Diamonds projects inSouth Africa, adding to the company’s woes amid uncertainty over the future of anothermine in Tanzania.Industrial action has been disrupting operations at the Finsch and Kimberley mines...
Mining Sep 19, 2017 Rapaport News
Cullinan Dream
Petra Cautious After Labor Unrest
Petra Diamonds’ share price fell on Monday as industrialaction at its Cullinan mine forced the company to offer a cautious outlook onproduction.Labor stoppages delayed the expansion program known as theC-Cut extension at the South Africa mine, the...
Mining Feb 20, 2017 Rapaport News
petra diamonds
Petra Swings to $2M Loss on Drop in Rough Prices
Petra Diamonds swung to a loss of $2.2 million in the firsthalf that ended December 31 from a profit of $39.1 million a year earlier asrough prices dropped.Pricesachieved by the miner dropped about 20 percent over the last 18 months, Petrachief...
Mining Feb 22, 2016 Rapaport News
Finsch Mine
Petra Diamonds' 1Q Revenue +55%
Petra Diamonds reported that revenue grew 55 percent year on year to $100.8 million during the first fiscal quarter that ended on September 30. Revenue growth was due to increased production and the sale of an 85 percent...
Mining Oct 27, 2014 Deena Taylor
Finsch Mine
Petra Diamonds to Produce 3M Carats in Fiscal 2015
Petra Diamonds expects to mine 3.2 million carats in fiscal 2015, an increase of 3 percent compared with the company's production in fiscal 2014. The company reported that average diamond prices from its Finsch, Cullinan, Koffiefontien...
Rough Markets Aug 18, 2014 Deena Taylor
Finsch Mine
Petra's Revenue +17% in 2014
Petra Diamonds reported that revenue rose 17 percent year on year to $472.6 million during the fiscal year that ended on June 30 as production rose and rough prices firmed. The company sold 3,134,706 carats during...
Mining Jul 28, 2014 Deena Taylor
Petra's Two Finsch Diamonds
Petra Diamonds' 1Q Revenue +27%
Petra Diamonds' revenue rose 27 percent year on year to $65.1 million during the company's first quarter that ended on September 30, as higher production compensated for weaker rough diamond prices. The company sold 588,233...
Rough Markets Nov 12, 2013 Deena Taylor
Finsch Mine
Petra Diamonds' Revenue +44% in FY12‎
Petra Diamonds reported that group revenue grew 44 percent year on year to $316.9 million in the ‎fiscal year that ended on June 30, 2012 as new production from its Finsch mine was made available.Petra’s total...
Rough Markets Jul 31, 2012 Avi Krawitz
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