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 chief exec John Dippenaar takes the fall for underperformance, despite some recent improvement
Petra's debt pile has burgeoned even as expansion has slowed
Investments and investor services
FTSE 100 closes in red amid lower volumes but Reckitt Benckiser jumps
Footsie closed down around 17 points at 7,219 but FTSE 250 added over 140 at 19,127
Unpacking the diamond market with the 3Cs, and other short-hand tricks to understanding value
Diamonds can be an investor's best friend, given the right research
Archive
RBC knocks Petra Diamonds to ‘Sector Perform’ as drop in Cullinan prices indicates flagship is “not paying its way”
Analysts said while they remained “cautiously optimistic” of a recovery, the US$94 per carat diamond price from the mine in the period was “well below” their own estimates of US$132
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Petra Diamonds shares lose their shine as decline in diamond prices overshadow improved revenues
Like-for-like rough diamond prices at the flagship Cullinan mine fell 4% compared to the second half of 2018 due to what it said was “usual seasonal weakness” while the product mix in the period had yielded prices at the lower end of histor
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Petra Diamonds on track to meet full year guidance after first quarter output rises 21%
Higher production and improved product mix offset a 5% decline in diamond prices
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Real diamonds losing their sparkle among millennials, claims Berenberg
A survey of 2,000 millennial women found that synthetic diamonds are becoming increasingly popular among the younger generation, who don’t care to spend hundreds of pounds of real diamonds
Petra Diamonds' CEO Johan Dippenaar to step down as miner signals end of capex-heavy phase
Operational capital expenditure (excluding capitalised interest) decreased 46% in the year to June and Petra expects this trend to continue with roughly US$93mln of capex in the current fiscal year FY 2019 and US$72mln in FY 2020
Botswana Diamonds takes a portfolio approach to exploration in the “best diamond address in the world”
Botswana Diamonds has an exciting suite of diamond exploration assets in Botswana and South Africa
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Petra Diamonds shares hit eight-year low
Petra Diamonds shares are at an eight-year low after debt levels rose alarmingly and a rights issue was required
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RBC upgrades Petra Diamonds as rights issue derisks balance sheet ahead of ramp up
The bank said a US$178mln cash injection from a rights issue in May meant the diamond miner's balance sheet no longer “carries the high cost S.A. debt”
Tharisa takes first steps into Zimbabwe with Great Dyke deals
Another change recently was for Tharisa to take over the running of the mine, which involved it buying the fleet from its contractor
Mining is a high risk, big reward business: Investors can learn a lot from the sector’s famous winners
Mining's leading minds have all built up considerable wealth and expertise over a time scale that spans several mining cycles - it makes sense for every investor to pay attention
RockRose Energy shares gain on deal to buy Netherlands-based Dyas
Some of the main news-driven risers and fallers in London on Thursday afternoon...
Petra Diamonds launches deeply discounted US$178mln rights issue
The majority of the proceeds will be used to reduce the company's debt pile
Utilitywise shares rise as new customers drive revenue growth
A look at some of the biggest risers and fallers in London on Monday