Petra Diamonds sees boost from “exceptional” diamond

Comment on this story

London - Petra Diamonds posted a 19 percent rise in first-half revenue, lifted by output from the miner's key Finsch mine in South Africa.

The London-listed miner said the “exceptional” 29.6 carat blue diamond it unearthed at the Cullinan mine would lead to strong second-half revenue.

Petra, which has seven producing mines in South Africa and one in Tanzania, reiterated its 2014 production guidance of about 3 million carats for the year ended June 30, 2014.

Revenue increased to $185.5 million in the six months ended December 31, from $156.3 million a year earlier.

Petra said it produced 1,635,716 carats during the period, up 31 percent from the year earlier. - Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines