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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
Tanzania diamond
Independent Miner Finds 512ct. Rough in Tanzania
A Tanzanian small-scale miner has recovered a 512-caratdiamond, the largest ever found in the country, according to a Twitter post by a government official.The stone, which sold for $1.4 million, was found earlierthis month by Joseph Temba in the...
Mining May 29, 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 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
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
Williamson Petra Tanzania
Petra to Resume Sales from Williamson Mine
Tanzania has permitted Petra Diamonds to resume exports andsales of diamonds from its Williamson mine, after the government seized aparcel of rough over a valuation dispute. Authorities prevented the export of 71,654 carats ofdiamonds last...
Mining Sep 28, 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
Williamson
Petra Sees Continued Uncertainty at Williamson
Petra Diamonds has resumed operations at its Williamson mine in Tanzania, but remains uncertain when it will be cleared to export goods from the east African nation again. Mining paused for four days last week...
Mining Sep 18, 2017 Rapaport News
Petra Diamonds Williamson mine
Petra Halts Williamson Mine After Diamond Seizure
Petra Diamonds has paused operations at itsWilliamson mine in Tanzania after reports that authorities seized a parcel ofrough stones in a disagreement over valuation.A parcel containing 71,654 carats of diamonds from Williamson was blocked fromexport to Petra’s...
Mining Sep 12, 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
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
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'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
Finsch Mine
Petra Diamonds Lowers Production Target
Petra Diamonds has lowered its production forecast for fiscal 2013 and said it expects the ‎rough diamond market to remain under pressure in the short term. ‎The company set a production target of 2.85 million...
Mining Aug 15, 2012 Avi Krawitz
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