Petra sold $79.3m of rough this month, after cancelling its last tender because of weak demand. The UK-based miner today said it sold a total of 696,000 carats, including 75,900 carats that were unsold at its May tender, and the 380,000 carats that would have been sold at the cancelled tender in June. Sales in […]

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Petra Diamonds today said it had postponed its June tender of 380,000 carats, in a further indication of a midstream slowdown. The UK-based miner reported a sharp drop in sales at its May tender – down 42 per cent on its March sale – and withdrew almost 76,000 predominantly high-value carats because of weak demand. […]

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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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