Petra reported sharp drops in both revenue and prices at its May tender, and said it held back parcels of over 75,000 carats because of weak demand. The UK-based miner is currently operating only two of its four mines. The Williamson deposit, in Tanzania, remains out of action after the breach of a tailings dam […]

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Petra Diamonds today reported a 20 per cent dip in sales for the first half of fiscal 2023 and a net loss of $17.6m. The London-based miner made a profit of $49.1m during the same period in 2022. Earlier this month it said it was open to merger and acquisition offers. It blamed the decrease […]

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Petra Diamonds sold $128.3m of rough during its third tender cycle of its financial year, up almost a quarter year-on-year. It said like-for-like rough diamond prices had increased by about 16 per cent in the six months to June 2021. The UK-based miner said it had taken the decision to release sales results, in line […]

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Petra Diamonds commented on the release of its share price performance for the financial year of 2019, saying it delivered “solid set of operational results for 2019,” with improved safety, a production of 3.87 million carats – in line with guidance – and lower capital expenditure of $81.7 million, down from US$129.6 million in 2018 […]

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