Company
Petra Diamonds Limited
LON:PDL
Mid-tier diamond exploration, development and production with all of its operations in Southern Africa. Petra as one of the world’s largest independent diamond groups by resources, with a total resource base of 265 million carats, worth US$27.3 billion.
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Petra Diamonds aims to lower debt and initiate a dividend plan after a strong financial showing
The company is the owner of four mines, including Cullinan in South Africa
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Petra Diamonds sparkles as annual revenues grow by 44%
The group, which has four mines – three in South Africa and one in Tanzania – benefited from a 41.5% increase in like-for-like diamond prices
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Petra Diamonds sells 342 carat white diamond and 18 carat blue diamond for initial US$13.5mln
Type IIa stones are generally colourless, meaning they can be the purest form of white possible
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Zenith security guards at Petra Diamonds' Williamson mine modified ammo, RAID says
"Petra takes the allegations of human rights abuses at the Williamson mine extremely seriously,” the company said
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Petra Diamonds still struggling
The company has significant unrestricted cash and inventory, but a crippling debt burden
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Today's Market View - Empire Metals; Galantas Gold; IronRidge Resources and more...
Copper prices continue to rise on strong demand prospects, low inventory levels and stimulus prospects Copper prices were driven higher through stop levels yesterday as the market gained on new confidence in the end of the Coronavirus Crisi
The star that burns twice as bright burns half as long: Petra Diamonds completes its falls from grace, and looks unlikely to rise any time soon
Petra's US$650mln debt pile amounts to more than 35 times its market capitalisation