RapNet


Rapaport News

 

Search Results

   
Rapaport Broadcast
Martin Rapaport Addresses Israel Diamond Week
February 12 2020

Advanced search
Latest Articles
Videos
Features
News
Mining
Rough Markets
Polished Markets
Manufacturing
Retail
Petra
Petra to Postpone Debt Repayment
Petra Diamonds plans to delay the next interest payment on its $650 million bond to preserve liquidity for business operations.The miner has spoken to its lenders about drawing on its revolving credit facility, it said Friday....
Mining May 03, 2020 Rapaport News
Miners
Heavy Debt Looms over Mining Shutdown
A number of diamond-mining companies that have halted production during the COVID-19 crisis will find it difficult to resume operations amid their struggles with debt, analysts have predicted.The warning comes after several miners announced...
Mining Apr 23, 2020 Leah Meirovich
Petra Cullinan mine plant
Rough Prices Slide 24% at Petra Tender
Rough prices slumped at Petra Diamonds’ March tenders in South Africa and Antwerp as the severe slowdown in the market virtually wiped out demand.Goods from Petra’s South Africa mines sold for 24% less than...
Mining Mar 29, 2020 Rapaport News
Petra
Challenging Market Weighs on Petra
Shares in Petra Diamonds slipped 16% in early trading Monday after the miner reported a net loss for the first fiscal half, and warned of operational problems that could affect annual production.The company reported...
Mining Feb 17, 2020 Rapaport News
Petra
Weak Prices Dent Petra Revenue
Petra Diamonds’ revenue fell in the first fiscal quarteramid a drop in the average price and a weaker product mix at three of itsmines. Revenue dropped 23% year on year to $61.6 million for thethree months ending September...
Mining Oct 23, 2019 Rapaport News
Petra
Petra’s Loss Widens in Weak Market
Shares in Petra Diamonds slipped 7% in early trading Mondayafter the miner reported its loss had broadened due to a devaluation of itsfour deposits. The company reported a net loss of $258.1 million for theperiod ending June 30,...
Mining Sep 16, 2019 Rapaport News
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
Previous 1 Next
Show articles per page




Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
  
twitter twitter
About Rapaport
Advertise with us