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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 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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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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De Beers 1Q Diamond Production Slumps 16%
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De Beers diamond production fell 16 percent year on year to 6.208 million carats in the first quarter of 2012, parent company Anglo American reported Thursday. Output declined by 4 percent when compared to the fourth quarter of 2011. Anglo...
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Mining
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Apr 19, 2012
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Avi Krawitz
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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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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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