Soft diamond market impacts Petra Diamonds

2015-01-26 11:06

Petra Diamonds expects full-year results below analysts' average forecast, citing softness in the diamond market.

Petra rare blue diamond sold for $27.6m

2014-09-16 11:05

London-listed Petra Diamonds says it has sold a rare blue diamond found at its mine in South Africa for $27.6m.

NUM to fight Petra retrenchments

2014-08-19 19:43

The National Union of Mineworkers has vowed to fight tooth and nail to avoid retrenchments at Petra Diamonds' Helam mine in North West.

Petra dives as big investor dumps stake

2014-07-29 14:14

Petra Diamonds says its second-largest shareholder sold more than two-thirds of its stake in the diamond miner through a discounted stock placement.

Rare blue diamond could fetch over $35m

2014-06-13 16:03

A rare 122.52-carat blue diamond found at Petra Diamonds' Cullinan mine could break the record for the highest price for a rough diamond, says an analyst.

Petra revenue jumps 55%

2014-04-23 08:36

Petra Diamonds has reported a 55% increase in third-quarter revenue, helped by the sale of a 29.6 carat blue diamond and strong rough diamond prices.

Petra bets on blue diamond to boost coffers

2014-01-23 10:21

Petra Diamonds has posted a 19% rise in first-half revenue, lifted by output from South Africa and is betting on its blue diamond find, also in SA, to boost second-half revenue.

Petra sticks to target despite strikes

2013-09-16 09:51

Petra Diamonds says it is on track to hit its production target for the financial year, despite more than two weeks of disruption from strikes affecting output.

Petra finds rare blue diamond

2013-04-17 10:27

Miner Petra Diamonds says it recovered a high-quality 25.5-carat blue diamond at its Cullinan mine in South Africa, lifting its shares 5% in London.

Strikes about more than wages - NGO

2012-10-07 21:53

Unprotected strikes in the mining industry are about more than just wages, the Bench Mark Foundation says.

Petra forecasts jump in output

2012-09-24 09:27

Petra Diamonds says it expects production in the year ending next June to grow by about 30%, helped by contribution from its Finsch and Williamson mines.

Volatile diamond prices 'not forever'

2012-06-21 08:22

A weakening Indian rupee is likely to contribute to volatility in 2012 rough diamond prices but longer-term prospects are bright, the Gem Diamonds CEO says.

Petra slumps to first-half loss

2012-02-28 09:45

Africa-focused miner Petra Diamonds says first-half earnings fell as unrealised forex losses wiped out improved revenues earned from a production jump.

Petra Diamonds revenue up 24%

2011-07-19 09:16

Petra Diamonds says revenue has risen 24% as higher rough diamond prices and sales outweighed a decline in production.


Petra jumps on diamond discoveries

2014-09-18 09:35

Petra Diamonds could pay its maiden dividend earlier than expected, after higher prices for the larger number of rough stones it unearthed.

'Magnificent' diamond found in Cullinan

2014-09-09 12:26

A 232 carat white diamond of exceptional size and clarity has been found at Petra Diamonds' Cullinan mine, east of Pretoria, the company says.

Petra Diamonds to mine about 3.2m carats

2014-08-18 10:00

Petra Diamonds says it will mine about 3.2 million carats in its financial year, an increase of 3% from the previous year.

Petra Diamonds production jumps

2014-07-28 09:24

Petra Diamonds says full-year output is up 17%, driven by higher production at its Finsch mine in South Africa.

Petra finds 'exceptional' blue diamond

2014-06-13 10:10

Petra Diamonds has recovered a 122.52 carat blue diamond at its Cullinan mine, just months after it sold a 29.6 carat blue diamond from the same mine.

Rare acorn-sized diamond sells for $26m

2014-02-14 17:13

Petra Diamonds has sold a 29.6 carat blue diamond mined at its Cullinan mine for $25.6m to US luxury jeweller Cora International NY.

Petra Diamonds output jumps 25%

2013-11-12 10:57

Petra Diamonds has seen a surge in first-quarter production and maintained its full-year target, as local operations remained stable after strike action ended.

Petra Diamonds production up 21%

2013-07-30 13:18

Petra Diamonds says its full-year production has climbed 21% and that it expected to produce up to 3 million carats for the year ending June 2014.

Finsch mine proves profitable for Petra

2013-02-25 11:12

Miner Petra Diamonds has reported 20% higher core earnings for the first half, helped by production at its recently purchased Finsch mine.

Diamond miners strike in Cullinan

2012-10-18 08:28

Workers at one of SA's oldest diamond mines - the Petra mine near Cullinan - have embarked on an illegal strike demanding a salary of R12 500.

Strike at Petra over

2012-10-05 15:28

A strike at Petra Diamonds has been resolved, says the National Union of Mineworkers.

Petra lowers full-year output target

2012-08-15 09:12

Petra Diamonds has lowered its production forecast for fiscal 2013, due to a revision of the mining scope at its Finsch mine in South Africa.

IFC to aid Petra's mine expansion

2012-07-04 07:55

The World Bank's private investment arm has agreed to a $25m loan to fund the expansion of London-listed Petra Diamonds' Finsch mine in South Africa.

Petra Diamonds output surges

2012-05-09 09:37

Africa-focused Petra Diamonds' quarterly production more than doubled as output from its Finsch mine in SA was taken into account for the first time.

Petra profit dips, sees volatile prices

2011-09-19 08:59

Africa-focused miner Petra Diamonds says core profit fell 5.4% in the year to end-June as higher rough diamond prices outweighed a decline in production and rising costs.

Petra's profits sparkle

2010-09-20 11:35

Petra Diamonds has post better-than-expected annual results, boosted by the sale of the 507-carat Cullinan Heritage diamond.

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