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 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 is facing claims that guards at its Williamson Mine, in Tanzania, switched rubber bullets for metal shot in their shotguns to inflict greater damage to trespassers. The UK-listed miner was accused last November of employing security staff who were responsible for seven deaths and 41 injuries in their “ruthless and militaristic” dealings with […]

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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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