Petra slumps as it digs up too many cheap South African diamonds

2019-02-08 14:45

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 crashes after warning it will dig up fewer gems

2018-01-31 17:38

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.

Want a hole? You got it!

2017-02-12 06:28

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.

Elusive alluvial diamonds a problem for miners

2016-07-06 10:00

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.

De Beers ends 127-yr control of Kimberley Mines

2015-12-01 14:40

Petra Diamonds and a partner have agreed to buy De Beers’ Kimberley Mines, ending the producer’s 127-year control of the operation.

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 Diamonds to raise $178m selling shares to cut debt

2018-05-25 22:59

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 shutters Tanzanian mine after diamond shipment seized

2017-09-12 07:45

Petra Diamonds has halted production at its mine in Tanzania after the government seized a parcel of diamonds suspected of being undervalued.

Petra Diamonds mines 138-carat white diamond

2016-08-10 10:30

Petra Diamonds has it recovered a 138 carat white diamond at the historic Cullinan mine near Pretoria in South Africa.

Geriatrics crave diamonds spurned by iPad generation

2016-04-08 09:14

Diamonds are losing their allure for many consumers more interested in spending money on vacations, fancy handbags and high-tech gadgets.

Petra expects full-year revenue of about $430m

2015-06-12 10:30

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 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.

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