Petra Assumes Management of Finsch Diamond Mine

Mining Weekly reported Petra Diamonds (LON:PDL,PINK:PDMDF) has acquired the Finsch diamond mine in South Africa from De Beers.

The market news is quoted as saying,

The mine would more than double Petra’s production, adding 1.5-million carats a year to the group’s output, it said on Wednesday.

Petra would boost its production to four-million carats by 2014 and to more than five-million carats by 2019.

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