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Williamson processing plant mine Petra
Petra Launches Probe into Violence Claims
Petra Diamonds is investigating allegations that security guards at its Williamson deposit in Tanzania carried out deadly violence against local artisanal miners.At least seven deaths and 41 assaults have taken place at the Williamson mine...
Mining Nov 12, 2020 Rapaport News
Petra Finsch 150
Petra Sales Rise as Rough Prices Recover
Petra Diamonds’ revenue jumped in the three months ending September 30 as rough prices grew and the company sold inventory it couldn’t shift during the peak of the Covid-19 crisis.Sales rose 33% year on year to $82...
Mining Oct 27, 2020 Rapaport News
Williamson
Petra Faces Claims of Human-Rights Abuses
Petra Diamonds has received allegations of human-rights abuses at its Williamson mine in Tanzania, including claims of killings and on-site violence.Security guards at Williamson shot or seriously beat people at the mine, causing deaths and serious injuries,...
Mining Sep 10, 2020 Rapaport News
Petra Cullinan 150
Petra Seeks Buyer for Its Business
Petra Diamonds plans to sell the company as it struggles with mounting debt.The company owns the Cullinan, Finsch and Koffiefontein mines in South Africa. It also operates the Williamson deposit in Tanzania, which is currently on care and...
Mining Jun 28, 2020 Rapaport News
Petra
Petra Sees Rough Prices Drop 27%
Rough prices slumped at Petra Diamonds’ March tenders as buyers sought discounts due to the slowdown in the market caused by the COVID-19 pandemic.Goods from Petra’s South African mines sold for 27% less than in February...
Mining Apr 12, 2020 Rapaport News
Petra
Petra Revenue Drops as Prices Weaken
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...
Mining Jan 27, 2020 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 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
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
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 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
Petra Diamonds pink 32ct
Petra Sells 32-Carat Pink Rough Diamond for $15M
Petra Diamonds sold a 32.33-carat rough diamond from itsWilliamson mine in Tanzania for $15 million. The price of the pink diamond translates to $463,965 percarat, Petra said in a statement March 24. The miner will also...
Rough Markets Mar 27, 2016 Rapaport News
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
Petra Diamonds Secures $78M Loan
Petra Diamonds has secured debt financing of $78 million to finance expansion of its Williamson and Cullinan mines. The loans were provided by the World Bank Group’s International Finance Corporation (IFC), which contributed $40 million, and Rand Merchant Bank (RMB), which provided $38 million.The...
Mining Jun 03, 2010 Avi Krawitz
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