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+Vote!

Govt Disowns Deal With Petra Diamonds

As was anticipated, the deal between the government of Tanzania and a diamond mining giant De Beers to enter into a contract of selling its shares in Williamson Diamonds Ltd (WDL) to the UK Petra Diamonds Ltd (Petra) has hit a hitch.

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Something Amiss, Mr Minister

It now nearly a month since Petra Diamonds Limited (Petra) - a mining company with operations in South Africa, Angola, Botswana, and Sierra Leone - announced that it had acquired a 75 per cent stake in Williamson Diamonds Limited (WDL) at Mwadui.

1Vote!

Rising Diamond Prices Help Petra Transform Last Year's Loss Into Profit

DIAMOND miner and explorer Petra Diamonds turned last year's operating loss into a profit as it earned a full year of revenue from the Koffiefontein mine acquired from the De Beers group and experienced a period of strong diamond prices.

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De Beers' old mines polish Petra's sparkle

Petra Diamonds has swung to profitability and projected exponential production growth, posting pre-tax profits of $9.3m in the year to June 30,

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Petra Diamonds swings to annual profit

London-listed Petra Diamonds swung to an annual profit after it bought South African mines from De Beers, and forecast a fivefold jump in output.

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Tanzania: Govt Should Review Mining Sector

TWO weeks ago the government of Tanzania entered a deal wherediamond mining giant De Beers would enter into contract of selling its shares in Williamson Diamonds Ltd (WDL) to a new investor Petra Diamonds Limited (Petra).

1Vote!

Mixed Feelings As Diamond Giant De Beers Sells Williamson Mine to Petra

All is not well following a decision made by the government of Tanzania to sanction a diamond mining giant De Beers to enter into a contract of selling its shares in Williamson Diamonds Ltd (WDL) to Petra Diamonds Limited (Petra).

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Petra Buys De Beers 75 Percent Stake in Dar Mining Firm for $10 Million

British mining firm with operations in Africa Petra Diamonds Ltd has acquired 75 per cent shares of Willcroft Company Ltd -- part of Tanzania's Williamson Diamond Ltd -- for $10 million.

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De Beers Offloads Another Mine to Petra

Diamond miner Petra Diamonds has agreed to buy 75 percent of Tanzania's Williamson Mine for US$10 million from the De Beers Group and has budgeted US$28 million to expand the operation in the next two years.

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De Beers Sets Out Plan for Williamson Mine

DIAMOND miner Petra Diamonds has agreed to buy 75% of Tanzania's Williamson mine for $10m from De Beers Group and budgeted $28m to expand the operation in the next two years.

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Press: De Beers sells off mine shares in Tanzania

The Petra Diamonds Limited has reached a deal with De Beers to get the ownership of a diamond mine in northwestern Tanzania. Local English broadsheet The Guardian on Wednesday quoted a statement from the company as saying the deal would be completed mid-next month at a price of 10 million U.S. dollars. The diamond mine is located at Mwadui and is a joint venture between the Williamson Diamonds Limited...

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Petra buys 75% in Tanzanian mine from De Beers

Petra Diamonds on Tuesday said it has agreed to acquire the entire issued share capital of Willcroft from Cheviot Holdings, a subsidiary of De Beers.

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Gem sales put sparkle in Petra

AIM-listed diamond producer Petra Diamonds has reported a 395 percent surge in mining revenue.

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SearchGold Resources Inc.: SearchGold Reports That Stellar Announces First 1,000 Carats Produced From Underground Trial Mining at Kono Project in Sierra Leone

MONTREAL, QUEBEC (MARKET WIRE) SearchGold Resources Inc. (TSX VENTURE: RSG)(FRANKFURT: S1O), is pleased to announce a progress update on the Kono kimberlite diamond project in Sierra Leone. The Kono project is a Joint Venture between Stellar Diamonds Ltd ("Stellar") (49%) and Petra Diamonds Limited ("Petra") (51%). SearchGold holds 2,672,629 shares of Stellar which equals to an 8.7% interest in the...

1Vote!

Is BHP Billiton Changing Its Angola Strategy?

FP Trading Desk submits: London-listed Petra Diamonds Ltd.[PDL.L], which operates in Africa, has seen its shares fall roughly 23% so far in 2008. Complete Story ยป