Petra Revenues Shine
IBTimes reported Petra Diamonds (LON:PDL) reported revenue of $220.6m in the year to end-June, with mining profit at $76.4m.
Articles Tagged "petra"
Petra Assumes Management of Finsch Diamond Mine
Mining Weekly reported Petra Diamonds (LON:PDL,PINK:PDMDF) has acquired the Finsch diamond mine in South Africa from De Beers.
Petra Gets Approval to Buy De Beers’ Finsch Diamond Mine for $210 Million
Bloomberg reports Petra Diamonds Ltd. (LON:PDL) will buy a diamond mine from De Beers for $210 million.
Diamond Price Gains to Slow After Surging in First Half, Petra’s CEO Says
Bloomberg reports rough diamond price gains may slow in the second half of the year after surging on demand from China and India.
Diamond Exploration Hotspots
Diamonds are expected to be a hot commodity over the long term, which will likely spur exploration, and there are at least three countries that have significant potential.
Diamond Miners Ramp Up Production
Helped by increased demand in 2010 for luxury goods after a abysmal year in 2009. The increased revenues from rising diamond prices and demand, many companies are increasing production. Alrosa mulls over an IPO by the end of 2011 worth upwards of $2 billion.
Diamond Sparkles: Juniors Jump
The discovery of a 507 carat white diamond has proved to be encouraging news, not just for Petra Diamond which discovered the gem, but for the industry as a whole. Improving demand and positive announcements have had Canadian diamond juniors brushing themselves off from last year's crash. The sparkle is back in the investors eye.
Petra Diamonds is providing Trading Updates
Petra Diamonds Limited, the international diamond mining group, declared the following sales and output trading update for the year ended 30 June 2009 ahead of the publication of its results during September 2009. For full story, click here
Petra Diamonds FY Output jumped, Trade Challenging
Petra Diamonds Ltd. declared that its annual output jumped above 1 million carats, but the African diamond producer added that revenue dipped and trading conditions remained challenging. For full story, click here
Blue Diamond fetching record $9m removes some diamond-industry ‘blues’
Some of the blues has been taken out of the stricken diamond industry as a result of up-and-coming London Aim-listed Petra Diamonds managing to sell a stunning blue diamond from the Cullinan mine outside Pretoria for a record $9,4-million, the highest auction price ever for a fancy vivid blue. For full story, click here
