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 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.

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 Diamonds, or some assets, are up for sale

Mining News Pro - Following a strategic review into its capital structure options, London-listed Petra Diamonds has decided to seek offers for the company or for parts of the business’ assets.

Petra Diamonds puts up ‘for sale’ sign

Mining News Pro - Petra Diamonds has put itself or parts of its business up for sale, the Africa-focussed miner said on Friday, as part of a review the company began in March after being hammered by lacklustre demand and prices for the precious gem.

Petra Diamonds founder steps down

Mining News Pro - South Africa’s Petra Diamonds is saying goodbye to Adonis Pouroulis, the company’s founder and chairman for 23 years.

Petra Diamonds halts 2020 production target

Mining News Pro - Petra Diamonds has had to halt its production outlook for fiscal 2020 as it is closing its mines in South Africa for a mandatory 21-day lockdown aimed at tackling the worsening coronavirus pandemic.

Petra Diamonds halts all mines in South Africa due to power issues

Mining News Pro - Struggling Petra Diamonds has had to suspend operations at all of its mines in South Africa after Eskom, the country’s electricity utility, declared a power system emergency and asked the miner to reduce its electricity load.

Petra Diamonds opens tailings to artisanal miners in South Africa

Mining News Pro - South Africa’s Petra Diamonds is opening up some of its tailings at Koffiefontein mine to small scale operators, in an effort to tackle illegal activities and solve some issues caused by artisanal miners.

Weak demand takes shine off Petra Diamonds revenue

Mining News Pro - South Africa’s Petra Diamonds (LON:PDL) on Monday became the latest victim of weak demand for precious stones that is crippling the industry after reporting full-year revenue below analysts’ estimates.

Petra Diamonds shares jump on 425-carat discovery at Cullinan

Mining News Pro - Shares in Petra Diamonds jumped more than 8% on Friday after the miner announced it had dug up a 425.1 carat, D-colour, Type II gem quality diamond at its iconic Cullinan mine in South Africa.

Petra Diamonds shares jump after another discovery at Cullinan

Mining News Pro - South Africa’s Petra Diamonds has found a 100.83 carat gem-quality diamond at its iconic Cullinan mine in South Africa.

Petra Diamonds revenue takes hit from Tanzania crackdown

Mining News Agency - Petra Diamonds Ltd`s first quarter revenue fell by 17 percent after the government of Tanzania last month seized a consignment of diamonds from its Williamson mine.

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