The one positive of this, even if some of it is depressing, is that there'll be life on the other side, writes Adriaan Basson.
Petra Diamonds have fallen the most in eight months in London after the South Africa-focused miner dug up gems worth significantly less than expected.
Petra Diamonds has tumbled in London after the African miner cut its forecast for the number of gems it will mine this year and said a stronger rand would hurt profit.
A local mine drilling company this week launched a new type of tunnel boring method that it hopes will become a competitive means to make horizontal tunnels, bring down costs, speed up mining and improve safety.
Despite challenges, the share prices of mining companies Trans Hex and Rockwell are strongly up so far this year, but don’t throw caution to the wind.
Petra Diamonds and a partner have agreed to buy De Beers’ Kimberley Mines, ending the producer’s 127-year control of the operation.
Petra Diamonds expects full-year results below analysts' average forecast, citing softness in the diamond market.
London-listed Petra Diamonds says it has sold a rare blue diamond found at its mine in South Africa for $27.6m.
The National Union of Mineworkers has vowed to fight tooth and nail to avoid retrenchments at Petra Diamonds' Helam mine in North West.
Petra Diamonds says its second-largest shareholder sold more than two-thirds of its stake in the diamond miner through a discounted stock placement.
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 Diamonds plans to raise $178m from shareholders as the gem miner seeks to cut a debt load that has seen it breach its banking terms.
Petra Diamonds has halted production at its mine in Tanzania after the government seized a parcel of diamonds suspected of being undervalued.
Petra Diamonds has it recovered a 138 carat white diamond at the historic Cullinan mine near Pretoria in South Africa.
Diamonds are losing their allure for many consumers more interested in spending money on vacations, fancy handbags and high-tech gadgets.
Petra Diamonds has forecast full-year revenue below market expectations as it fetches less for the smaller diamonds being mined from late stage ores at its Finsch.
Petra Diamonds could pay its maiden dividend earlier than expected, after higher prices for the larger number of rough stones it unearthed.
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 says it will mine about 3.2 million carats in its financial year, an increase of 3% from the previous year.
Petra Diamonds says full-year output is up 17%, driven by higher production at its Finsch mine in South Africa.
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.
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