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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
The new Cullinan plan
Petra Revenue Falls to Nine-Year Low
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...
Mining Jul 26, 2020 Rapaport News
petra mine 150
Petra Mulls June Tender After Rough-Price Slump
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...
Mining May 31, 2020 Rapaport News
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
GIA
GIA to Roll Out Gem Guide Across Africa
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,...
Mining Oct 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 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
Petra Finsh mine
Petra Diamonds Warns of Lending Breach
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...
Mining Oct 15, 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
Petra Kimberley Ekapa Mining
Petra Hit by Strikes at Two Mines
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...
Mining Sep 19, 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
GIA artisanal miners guide
GIA Launches Gem Guide for Artisanal Miners
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...
Mining Apr 05, 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
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
petra diamonds
Petra Swings to $2M Loss on Drop in Rough Prices
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...
Mining Feb 22, 2016 Rapaport News
Petra Diamonds pink
Petra Sells $86M at Second 1H Tender as Average Price Surges
PetraDiamonds sold 606,080 carats for $86.2 million at its second tender of the firsthalf of fiscal year 2016 ending December 31, 2015. The figures include the saleof a 23.16-carat pink stone from the Williamson...
Mining Dec 14, 2015 Rapaport News
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