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Petra Assumes Management of Finsch Diamond Mine
Sep. 14, 2011 07:54AM PST
Gem InvestingMining Weekly reported Petra Diamonds (LON:PDL,PINK:PDMDF) has acquired the Finsch diamond mine in South Africa from De Beers.
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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