Petra Diamonds Postpones Cullinan Sales Amid Market Uncertainty
The mining company postpones a key diamond sale at its Cullinan Mine due to market uncertainty, raising concerns about the sector's outlook.
The mining company postpones a key diamond sale at its Cullinan Mine due to market uncertainty, raising concerns about the sector's outlook.
The mining company has reported a change in major shareholding, with Mecamur S.L. now holding a 5.12% stake.
The mining company announced a director has purchased a small number of shares, representing a routine regulatory disclosure.
The diamond miner faced a tough first half, with revenue down 30% amid persistent market weakness. Despite improved cash flow from operations, financial metrics deteriorated, leading to covenant breaches.
The diamond miner reported a 30% revenue decline in its interim results, despite successful cost reduction measures. Operational improvements were overshadowed by increased debt and covenant breaches, reflecting ongoing challenges in the diamond market.
The mining company has announced the departure of its CEO and the appointment of two interim co-CEOs to lead the business.
Mining company Petra Diamonds sells its Tanzanian diamond mining operations to Pink Diamonds, a local affiliate.
Diamond miner grapples with price pressures
Regulatory filing shows asset manager Vontobel reduced stake in diamond miner Petra Diamonds.
Routine update from diamond miner on upcoming results release