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Petra Names New Chairman
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Petra Diamonds has appointed Peter Hill as non-executivechairman, succeeding company founder Adonis Pouroulis, who is stepping down,the company said Tuesday. Hill is currently non-executive chairman of geotechnicalcontractor Keller Group and of building-products company Volution Group....
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Mining
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Dec 17, 2019
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Rapaport News
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Petra Names New CEO to Drive Turnaround
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Petra Diamonds has appointed mining veteran Richard Duffy as its new CEO in the hope he will return the company to positive cash flow and lower debt.“[Duffy] brings with him an impressive depth of globalmining experience,...
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Mining
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Feb 18, 2019
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Rapaport News
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Petra Adds Ex-De Beers Exec to Board
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Petra Diamonds has appointed former De Beers executive VardaShine as a non-executive director in line with a plan to refresh its leadership,the miner said Monday. Shine was CEO of the Diamond Trading Company — now DeBeers Global Sightholder...
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Mining
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Oct 29, 2018
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Rapaport News
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Petra Boss Steps Down Amid $203M Loss
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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...
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Mining
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Sep 17, 2018
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Rapaport News
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Petra Drops After Weak Production Outlook
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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,...
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Mining
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Jul 23, 2018
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Rapaport News
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Petra to Raise $178M to Repay Debt
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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...
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Mining
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May 24, 2018
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Rapaport News
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Price Rise Lifts Petra Rough Sales
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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%...
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Mining
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Apr 24, 2018
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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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Confiscated Diamonds Weigh on Petra Revenue
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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,...
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Mining
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Oct 23, 2017
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Rapaport News
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Petra Diamonds Sees Steady Rough Demand
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Petra Diamonds’ sales slipped 1% in the third fiscal quarteramid a stable rough market, the miner reported.The company’s sales declined to $119.1 million during thethree months that ended March 31, it said Monday, adding that...
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Mining
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Apr 24, 2017
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Rapaport News
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Petra’s Rough Diamond Sales Sparkle
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Petra Diamonds said revenue leapt 48 percent in the firstfiscal half because of steady demand following a stabilization in the roughmarket.Sales grew to $228.5 million during the six months thatended December 31, the miner reported. Excluding...
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Mining
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Jan 23, 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, Ekapa Combine Kimberley Operations
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Petra Diamonds and Ekapa Mining agreed to merge theiroperations in South Africa's Kimberley region in a bid to extend mining in thehistoric diamond-mining area.As part of the deal Petra’s Kimberley Underground mines,Ekapa’s tailings operations, the Kimberley Miners...
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Mining
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Jul 10, 2016
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Rapaport News
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Mining
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Oct 28, 2015
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Rapaport News
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Petra's 1H Revenue +19%, Production +33%
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Petra Diamonds reported that revenue grew 19 percent year on year to $185.5 million for the first half that ended on December 31. The volume of diamond carats sold during the period rose 33 percent to 1,140,479...
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Mining
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Jan 23, 2014
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Deena Taylor
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Petra's 3Q Revenue +8% to $106M
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Petra Diamonds reported that revenue rose 8 percent year on year to $105.7 million during the third fiscal quarter that ended on March 31, as production rose and the rough market continued to firm up. Petra...
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Rough Markets
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May 08, 2013
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Deena Taylor
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Petra's Dippenaar Upbeat for Small Diamond Demand
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Demand for small diamonds has remained robust through the past few months and is expected to provide long term support for the industry, according to Johan Dippenaar, the chief executive of Petra Diamonds. China’s...
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Rough Markets
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Mar 14, 2012
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Avi Krawitz
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