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Petra Diamonds revenue leaps by 52 percent

Mineweb - Daily news headlines (Free subscription) | 12/19/2008

Petra Diamonds has increased revenue from rough diamond sales by 52% to $48.1 million.

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Petra Diamonds Cuts Exploration Budget By $20 Million

All Africa (Free subscription) | 12/22/2008

MINING and exploration company Petra Diamonds is cutting $20m from its annual diamond exploration budget, mostly by reducing its activities in Angola.

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UPDATE 1-Petra Diamonds H1 revenue jumps by 52 pct

Reuters UK (Free subscription) | 12/19/2008

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.

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Petra Diamonds halts production at Helam

Mineweb - Daily news headlines (Free subscription) | 12/01/2008

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.

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Diamond mining strikes hard times, says producer

Mail & Guardian (Free subscription) | 12/19/2008

Diamond mining junior Petra Diamonds on Friday warned that the diamond mining industry faces difficult times in the year ahead.

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Mining retrenchments loom

Mail & Guardian (Free subscription) | 12/02/2008

... 200 employees could be retrenched from January 2009, pending a final decision on restructuring.Petra Diamonds said an outcome of their operational review at their Helam and Star Fissures mines could be job losses, a figure which Solidarity put at about 350 out of 669 workers.This week Lonmin Platinum also announced that 1 500 of its worker in Limpopo operations could lose their jobs.Last...