Petra Diamonds Cuts Exploration Budget By $20 Million
All Africa (Free subscription) | 22/12/2008
MINING and exploration company Petra Diamonds is cutting $20m from its annual diamond exploration budget, mostly by reducing its activities in Angola.
Petra Diamonds
1Vote!
+Vote!
Diamond mining strikes hard times, says producer
Mail & Guardian (Free subscription) | 19/12/2008
Diamond mining junior Petra Diamonds on Friday warned that the diamond mining industry faces difficult times in the year ahead.
+Vote!
Petra Diamonds revenue leaps by 52 percent
Mineweb - Daily news headlines (Free subscription) | 19/12/2008
Petra Diamonds has increased revenue from rough diamond sales by 52% to $48.1 million.
+Vote!
UPDATE 1-Petra Diamonds H1 revenue jumps by 52 pct
Reuters UK (Free subscription) | 19/12/2008
LONDON, Dec 19 (Reuters) - Miner Petra Diamonds Ltd boosted gross revenue from rough diamond sales by 52 percent to $48.1 million in its fiscal first half due to a new mine coming on stream, offsetting weaker diamond prices, it said on Friday.
+Vote!
Petra Diamonds halts production at Helam
Mineweb - Daily news headlines (Free subscription) | 01/12/2008
Petra Diamonds has halted production at its Helam mine in South Africa and is laying off over 50% of its workers, due to weakened demand for diamonds.
1Vote!
Govt Disowns Deal With Petra Diamonds
All Africa (Free subscription) | 07/10/2008
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.
- add comment
- send to a friend
- Explore : Africa, De Beers, Diamond, Diamonds and Gemstones, Mining, Tanzania
1Vote!
Something Amiss, Mr Minister
All Africa (Free subscription) | 03/10/2008
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
All Africa (Free subscription) | 25/09/2008
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.
1Vote!
De Beers' old mines polish Petra's sparkle
Financial Times (Free subscription) | 23/09/2008
Petra Diamonds has swung to profitability and projected exponential production growth, posting pre-tax profits of $9.3m in the year to June 30,
- add comment
- send to a friend
- Explore : De Beers, Diamonds and Gemstones, Economy
1Vote!
Petra Diamonds swings to annual profit
Mail & Guardian (Free subscription) | 23/09/2008
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.
1Vote!
Tanzania: Govt Should Review Mining Sector
All Africa (Free subscription) | 22/09/2008
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 Africa (Free subscription) | 15/09/2008
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).
- add comment
- send to a friend
- Explore : Africa, De Beers, Diamond, Diamonds and Gemstones, Mining, Tanzania
+Vote!
Petra Buys De Beers 75 Percent Stake in Dar Mining Firm for $10 Million
All Africa (Free subscription) | 15/09/2008
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.
- add comment
- send to a friend
- Explore : Africa, De Beers, Diamonds and Gemstones, Tanzania
+Vote!
De Beers Offloads Another Mine to Petra
All Africa (Free subscription) | 12/09/2008
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.
- add comment
- send to a friend
- Explore : Africa, Botswana, De Beers, Diamonds and Gemstones, Tanzania
+Vote!
De Beers Sets Out Plan for Williamson Mine
All Africa (Free subscription) | 10/09/2008
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.
