Petra CFO Breytenbach resigns from diamond firm
PETRA Diamonds' CFO of seven years, Jacques Breytenbach, has resigned for "personal reasons". Breytenbach would present the firm's 2024 financial results towards the end...
Petra cuts output target amid sluggish diamond price recovery
PETRA Diamonds remained stuck firmly in the red for the six months to end-December and the outlook for the full year to end-June is...
Lucara re-enters diamond sales agreement with HB Antwerp
LUCARA Diamond Corp, the Toronto-listed miner, has re-entered a diamond sales agreement with cutter and polisher HB Group for goods larger than 10.8 carats...
Anglo facing ‘uphill battle on the trust front’, says bank
ANGLO American had an uphill task in winning back the trust of investors, according to analysts at Bank of America.
Commenting in a report on...
De Beers to assess previously explored deposits in Angola
DE Beers has extended its involvement in Angola's diamond sector, saying on Tuesday it had signed an agreement with the southern African country aimed...
Petra capital plans target positive cash flow in 2024/25 financial
PETRA Diamonds would be free cash flow negative in the short-term, especially as the diamond market remained volatile, but a restructure of its capital...
De Beers warns diamond price recovery to take “some time”
A RECOVERY in the diamond market would "take time", said Al Cook, CEO of De Beers which on Wednesday announced first cycle sales of...
Cautious Duffy tight-lipped Petra’s capital growth plans
PETRA Diamonds remained "on track" to meet its production guidance of 2.9 million carats to 3.2m carats for the year to end-June 2024, but...
Diamond imports on the rise in December as mid-stream restocks
INDIA'S rough diamond imports more than tripled in December suggesting a turn in fortunes for the embattled sector.
Morgan Stanley said in a report on...
De Beers to spend $1bn on Jwaneng expansion
DE Beers will go ahead with a planned $1bn investment to extend the life of its flagship Jwaneng mine in Botswana, said Reuters citing...