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Petra's 3Q Revenue +8% to $106M
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Petra Diamonds reported that revenue rose 8 percent year on year to $105.7 million during the third fiscal quarter that ended on March 31, as production rose and the rough market continued to firm up. Petra...
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Rough Markets
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May 08, 2013
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Deena Taylor
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Petra Recovers 26-Ct. Blue Diamond at Cullinan
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Petra Diamonds recovered a high-quality top-color 25.50-carat blue diamond from its Cullinan mine in South Africa.The diamond follows a line of other special blue stones that Petra has recovered at Cullinan since acquiring the mine...
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Rough Markets
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Apr 17, 2013
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Deena Taylor
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Petra Diamonds Records Net Loss of $15M
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Petra Diamonds Ltd. reported a net loss of $15.2 million for the six months that ended on December 31, as it accounted for losses from the sale of its Fissure mines. The miner reported a net loss...
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Mining
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Feb 25, 2013
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Dilipp S Nag
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Petra Appoints Adviser to Sell Fissure Mines
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Petra Diamonds Ltd. appointed QuestCo (Pty) Ltd., a South Africa-based corporate finance adviser, to manage the sales process of its Fissure mine operations, which include the Helam, Sedibeng and Star mines in South Africa.Bids...
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Mining
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Sep 07, 2012
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Dilipp S Nag
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Petra Diamonds Lowers Production Target
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Petra Diamonds has lowered its production forecast for fiscal 2013 and said it expects the rough diamond market to remain under pressure in the short term. The company set a production target of 2.85 million...
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Mining
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Aug 15, 2012
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Avi Krawitz
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The Rough Reality of 2012
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The 2011 global production data published by the Kimberley Process (KP) last week presented a vastly different market scenario than what is the reality today. Then again, a very different atmosphere has engulfed the...
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Rough Markets
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Aug 10, 2012
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Avi Krawitz
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Petra Diamonds' Revenue +44% in FY12
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Petra Diamonds reported that group revenue grew 44 percent year on year to $316.9 million in the fiscal year that ended on June 30, 2012 as new production from its Finsch mine was made available.Petra’s total...
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Rough Markets
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Jul 31, 2012
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Avi Krawitz
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Mining
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Jul 04, 2012
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Deena Taylor
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Petra Diamonds' 3Q Revenue +87% to $98M
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Petra Diamonds reported that its revenue rose 87 percent year on year to $98 million in its third fiscal quarter that ended on March 31, 2012 as production rose and the rough market stabilized. The company's...
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Mining
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May 09, 2012
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Avi Krawitz
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More Diamond Mines For Sale
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The announcement this week that Rio Tinto is considering selling its diamond assets offered some shock value but little surprise. Like its conglomerate rival BHP Billiton, which made a similar declaration four...
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Mining
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Mar 30, 2012
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Avi Krawitz
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Leveraging South Africa’s Diamonds
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By all accounts, South Africa should have a vibrant and growing diamond industry. The country has numerous mines, albeit old ones, and a trade that dates back more than a century. Not to mention a marketing...
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Manufacturing
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Mar 23, 2012
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Avi Krawitz
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Diamond Prices to Remain Firm This Year
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Diamond prices, which have remained strong following a cycle of auctions in 2012, are expected to remain firm this year due to strong demand from India and China, coupled with an improving macro-economic outlook for the...
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Polished Markets
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Mar 15, 2012
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Dilipp S Nag
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Marketing
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Mar 14, 2012
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Rapaport News
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Petra's Dippenaar Upbeat for Small Diamond Demand
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Demand for small diamonds has remained robust through the past few months and is expected to provide long term support for the industry, according to Johan Dippenaar, the chief executive of Petra Diamonds. China’s...
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Rough Markets
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Mar 14, 2012
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Avi Krawitz
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Petra Diamonds Posts 1H Loss
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Petra Diamonds posted a net loss of $26.7 million during the fiscal half year that ended on December 31, 2011 compared with a profit of $24.5 million one year earlier as unrealized foreign exchange charges offset...
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Mining
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Feb 28, 2012
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Avi Krawitz
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Petra Diamonds Revenues +13%
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Petra Diamonds revenues rose 13 percent year on year to $101.4 million in the first fiscal-half of 2012 as production grew and rough markets stabilized. The market stabilized in December 2011 and, going into 2012, the company...
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Rough Markets
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Feb 01, 2012
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Avi Krawitz
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Diamond Sector May See a Slow First Half
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The diamond industry could see a slow and challenging first half this year with rough and polished prices remaining fragile as well as volatile, and dependent upon growth from consumers in Asia and the...
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Rough Markets
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Jan 20, 2012
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Dilipp S Nag
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Petra Sells Blue Diamond for $300K Per Carat
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Petra Diamonds sold a 4.8-carat blue diamond for $1.45 million or $300,000 per carat at its most recent tender held in December, the company reported. The diamond was mined at the company's Cullinan mine in South...
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Rough Markets
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Dec 21, 2011
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Deena Taylor
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Rough Markets
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Dec 20, 2011
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Avi Krawitz
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Petra Diamonds Secures $48M Debt Facility for Finsch
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Petra Diamonds secured a $48 million (ZAR 400 million) debt facility to finance operations at its Finsch mine in South Africa. The agreement, signed between Petra’s subsidiary Afropean Diamonds and Rand Merchant Bank, includes...
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Mining
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Nov 30, 2011
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Avi Krawitz
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