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Petra Launches Probe into Violence Claims
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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...
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Mining
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Nov 12, 2020
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Rapaport News
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Petra Faces Claims of Human-Rights Abuses
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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,...
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Mining
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Sep 10, 2020
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Rapaport News
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Petra Revenue Falls to Nine-Year Low
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Petra Diamonds’ full-year sales dropped to their lowest level in almost a decade as the coronavirus aggravated an already weak rough market.Revenue fell 36% to $295.8 million in the fiscal year ending June 30, reflecting sluggish rough...
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Mining
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Jul 26, 2020
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Rapaport News
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Petra Mulls June Tender After Rough-Price Slump
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Petra Diamonds is considering whether to hold a rough tender in June after a market slowdown prompted it to cancel its May sale.Prices fell 27% in March and April compared with February as the Covid-19 pandemic reduced business activity...
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Mining
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May 31, 2020
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Rapaport News
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Rough Prices Slide 24% at Petra Tender
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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...
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Mining
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Mar 29, 2020
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Rapaport News
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GIA to Roll Out Gem Guide Across Africa
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The Gemological Institute ofAmerica (GIA) has committed $1.3 million to deploying its free gemology guidefor artisanal miners across multiple countries in Africa. The kit will be available to 10,000 miners over four years inMadagascar,...
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Mining
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Oct 22, 2019
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Rapaport News
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Independent Miner Finds 512ct. Rough in Tanzania
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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...
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Mining
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May 29, 2019
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Rapaport News
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Petra Diamonds Posts Heavy Loss
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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...
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Mining
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Feb 19, 2018
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Rapaport News
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Diamond Seizure Dents Petra’s Sales
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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...
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Mining
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Jan 29, 2018
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Rapaport News
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Petra Diamonds Warns of Lending Breach
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PetraDiamonds is likely to breach its lending covenants following strikes at threeSouth African mines and a dispute over valuation at its operations in Tanzania,it warned.Thecompany has informed its lenders that it might fail to meet certain ratiosrelated to its...
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Mining
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Oct 15, 2017
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Rapaport News
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Petra to Resume Sales from Williamson Mine
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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...
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Mining
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Sep 28, 2017
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Rapaport News
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Petra Strikes Spread to Koffiefontein Mine
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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...
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Mining
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Sep 24, 2017
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Rapaport News
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Petra Hit by Strikes at Two Mines
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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...
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Mining
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Sep 19, 2017
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Rapaport News
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Petra Sees Continued Uncertainty at Williamson
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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...
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Mining
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Sep 18, 2017
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Rapaport News
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Petra Halts Williamson Mine After Diamond Seizure
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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...
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Mining
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Sep 12, 2017
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Rapaport News
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GIA Launches Gem Guide for Artisanal Miners
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The Gemological Institute of America (GIA) is piloting a freegemology guide for artisanal miners in producing countries.The aim is to offer basic gemological and market knowledge inregions where gem-mining takes place, the institute said Tuesday. The...
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Mining
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Apr 05, 2017
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Rapaport News
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Petra Cautious After Labor Unrest
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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...
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Mining
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Feb 20, 2017
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Rapaport News
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Petra Diamonds Production Rises 30%
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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...
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Mining
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Oct 25, 2016
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Rapaport News
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Petra Sells 32-Carat Pink Rough Diamond for $15M
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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...
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Rough Markets
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Mar 27, 2016
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Rapaport News
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Petra Swings to $2M Loss on Drop in Rough Prices
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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...
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Mining
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Feb 22, 2016
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Rapaport News
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