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Petra reported a loss of $69m in the six months to December 2024, compared to an $11m loss the same time the previous year

Petra Diamonds appoints two CEOs as it battles losses

Petra Diamonds said today it has appointed joint CEOs to replace Richard Duffy, who has resigned "by mutual agreement and with immediate effect" amid a wider loss of $69m for the half-year to December 2024.

Business • 17 Feb

Petra Diamonds operates three diamond mines in South Africa and one in Tanzania

Petra Diamonds posts annual net loss as pandemic bites

Petra Diamonds has today reported a 36% fall in revenue and a net loss of $223m as the pandemic hit production, sales and prices.

Business • 17 Nov 20

The coronavirus outbreak is seen as a new threat to the diamond industry

Petra Diamonds warns of coronavirus hit as stores close

Petra Diamonds has warned the coronavirus outbreak had hurt demand in the diamond market as stores were forced to close during the important Lunar New Year period in China.

Business • 17 Feb 20

Petra Diamonds operates four mines in South Africa and one in Tanzania

Petra Diamonds posts higher revenue, shrinks debt pile

Petra Diamonds today reported a 21% increase in full-year revenue on higher diamond prices and production, while a tight leash on costs helped the miner cut its debt pile by 15%.

Business • 23 Jul 18