|
|
|
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 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
|
|
|
|
|
|
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 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 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 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
|
|
|
|
|
|
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
|
|
|
|
|
|
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 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
|
|
|
|
|
|
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
|
|
|
|
|
|
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 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 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
|
|
|
|
|
|
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 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
|
|
|
|
|
|
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
|
|
|
