Petra Diamonds halts Williamson mine in Tanzania after dam breach

Mining News Pro - The company, which also operates three mines in South Africa, said the eastern wall of Williamson’s tailing dam was “breached”, but said in an email that the pit was not affected.

Petra Diamonds to pay dividends after three-year turnaround

Mining News Pro - Petra Diamonds said on Tuesday it would resume paying a dividend and launch a $150 million debt-cutting plan after stronger prices fuelled by sanctions on Russia’s Alrosa, the world’s top diamond miner by output, boosted its full-year profit.

Petra Diamonds mulls selling Williamson mine

Mining News Pro - South Africa’s Petra Diamonds (LON: PDL) is considering selling its Williamson mine in Tanzania, even as it continues to work on bringing the operation back online in the second half of 2021.

Petra partly sells two big diamonds to local beneficiator

Mining News Pro - London-listed Petra Diamonds has sold its recently recovered 342.92 ct Type IIa white diamond and an 18.30 ct Type IIb blue diamond into a partnership with Stargems.

Record Cullinan performance drives improvement in Petra’s full-year output

Mining News Pro - Diamond miner Petra Diamonds produced 3.2-million carats at its operations in the financial year ended June 30.

Petra sells 39.34 ct blue diamond for $40.1m

Mining News Pro - The 39.34 ct exceptional Type IIb blue diamond which Petra Diamonds recovered at its Cullinan mine on April 1, has been sold to a partnership between diamond miners De Beers and Diacore for more than $40.1-million.

Petra fetches over $40m for 39-carat blue diamond

Mining News Pro - South Africa’s Petra Diamonds (LON:PDL) has fetched $40.2 million for a 39.34-carat blue diamond it recovered at its iconic Cullinan mine in April, the company’s highest price ever for a single stone.

Petra agrees to settlement over human rights abuses claims

Mining News Pro - A settlement has been agreed with diamond miner Petra Diamonds following claims of serious human rights abuses at its majority-owned Williamson diamond mine in Tanzania.

Petra Diamonds delays release of probe into human rights abuses

Mining News Pro - Petra Diamonds has delayed the publication of an internal probe into alleged human right abuses at its Williamson mine in Tanzania after obtaining fresh information related to the case.

Petra to start implementing restructure

Mining News Pro - Petra Diamonds has announced that the scheme conditions effective date has occurred, thereby enabling the start of the implementation of the company’s restructuring.

Petra sees diamond prices starting to normalise, maintains guidance suspension

Mining News Pro - Petra Diamonds has advised that its production guidance for the 2021 financial year remains suspended owing to the uncertain impact of the ongoing Covid-19 pandemic.

Petra introduces changes at Williamson as human rights abuses investigation continues

Mining News Pro - Petra Diamonds is already making some changes, such as appointing a new security contractor and implementing a new grievance mechanism, at its Williamson mine, in Tanzania, while it finalises an investigation into alleged human rights abuses by security personnel at the mine.

Petra Diamonds probes new claims of human rights abuses in Tanzania

Mining News Pro - Struggling Petra Diamonds said on Tuesday is investigating fresh allegations of human rights abuses at its Williamson mine in Tanzania, following a lawsuit against the company launched last year.

Petra Diamonds’ investors back restructuring

Mining News Pro - Struggling Petra Diamonds said on Wednesday its investors have approved plans to restructure the business, a move that aims to provide the miner with a more stable, deleveraged capital structure to ensure its short and long-term viability.

Botswana Diamonds acquires Sekaka from embattled Petra

Mining News Pro - Botswana Diamonds said on Monday it had completed the acquisition of Sekaka, the exploration vehicle that belonged to embattled rival Petra Diamonds and which held three prospecting licenses in the country’s Central Kalahari Game Reserve.

Petra`s Letlapa Tala Collection sells for $40.36m

Mining News Pro - Following a competitive tender process, Petra Diamonds has sold the Letlapa Tala Collection of five blue diamonds, weighing 85.6 ct in total, to a partnership between De Beers and Diacore for $40.36-million.

Petra Diamonds loses shine with 36% revenue drop

Mining News Pro - Struggling Petra Diamonds (LON: PDL) reported on Tuesday a 36% fall in revenue and a net loss of $223 million (168.7 million pounds) for the year ended June 30, as the pandemic deepened the company’s financial woes.

Petra narrows full-year loss, but curtailed demand cuts earnings by nearly 60%

Mining News Pro - Petra Diamonds has posted a net loss of $223-million for the financial year ended June 30 – an improvement on the net loss after tax of $258-million reported for the 2019 financial year.

Petra acknowledges Raid human rights abuse claims report, takes interim remedial action

Mining News Pro - Petra Diamonds has acknowledged a report published by UK-based corporate watchdog Raid that identifies a number of alleged human rights abuses relating to security operations at the Williamson mine, in Tanzania.

Petra tosses company sale after debt-for-equity deal

Mining News Pro - Shares in Petra Diamonds (LON:PDL) nosedived on Tuesday after it said it had abandoned plans to sell the company or parts of its business, opting instead for a debt-for-equity restructuring.

Petra to hold special tender to sell five blue diamonds

Mining News Pro - Petra Diamonds has launched a special tender process for its Letlapa Tala Collection, which comprises five blue diamonds of significant colour, clarity, size and heritage.

Petra`s shares fall as it announces proposed restructuring

Mining News Pro - The share price of London-listed Petra Diamonds fell by nearly 10% on Tuesday morning, as it announced that it had reached an in-principle agreement with its lenders with respect to a long-term solution for the recapitalisation of the group and that it was no longer planning to sell the company or parts of the business.

Petra finds five blue diamonds but no clear path to recovery

Mining News Pro - South Africa’s Petra Diamonds (LON:PDL), which put itself up for sale in June, announced on Wednesday it had found five high-quality blue diamonds, but toned down the news by saying the discovery won’t help turn around its fortunes.

Petra starts investigation into alleged human rights issues at Williamson

Mining News Pro - UK-based law firm Leigh Day has filed claims in the High Court of England and Wales against London-listed Petra Diamonds and Williamson Diamonds, on behalf of 32 anonymous individuals over alleged human rights breaches at the Williamson mine, in Tanzania.

Covid-19 takes its toll on Petra`s production

Mining News Pro - Petra Diamonds has reported a 7% year-on-year reduction in production, from 3.87-million carats in the 2019 financial year, to 3.59-million carats in the financial year ended June 30, 2020.

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