Workers’ Union Condemns Petra over Finsch Mine Closure

Criticism comes after company places deposit under business rescue and states it will lay off workers.

Petra to Close Finsch Mine, Lay Off More Workers

Company intends to focus on higher-value stones at Cullinan, which are in greater demand during prolonged industry downturn.

Petra Weighs Future of Finsch Mine Amid Small-Stone Weakness

Cost-reduction assessment could see company suspend further capital expenditure at the deposit.

Petra Revenue Jumps Despite Sharp Drop in Rough Prices

Increased sales volume and stronger product mix, including 42-carat blue, drive rise.

Petra Revenue Falls Amid Continued Rough-Price Weakness

Like-for-like down 20% in second quarter.

Petra Unearths 42ct. Blue Diamond from Cullinan Mine

Stone is first of such color and magnitude found at the deposit in past five years.

Petra Names Permanent Joint CEOs

Vivek Gadodia and Juan Kemp share role at helm of mining company.

Petra Sees Continued Price Weakness for Rough Diamonds

Average value per carat down 13% in first fiscal quarter.

Petra Taps Shareholders to Tune of $25M

Miner launches rights issue to keep business afloat.

Petra’s Rough-Tender Sales and Revenue Plunge 

Hit comes amid lower overall prices and fewer goods on offer.

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