[miningmx.com] – ALTHOUGH the diamond market was under pressure, there were encouraging signs of a stabilisation, said Rapaport citing comments by Petra Diamonds CEO, Johan Dippenaar.
“While the diamond market remains under pressure, there are encouraging signs that we are seeing a stabilisation in market conditions, as evidenced by good demand levels at our first tender in the second half of fiscal 2015,’ said Dippenaar.
He was commenting during the presentation of the group’s interim results ended December 31 in which profit rose 38% year-on-year to $39.1m. Petra operates the Cullinan, Finsch, Koffiefontein and Kimberley underground mines in South Africa and the Williamson mine in Tanzania.
Click here to read the full article
