Petra Diamonds expects S.African mine buy to boost sales

Gem Investing

Reuters.com reports that Petra Diamonds (PINK:PDMDF) says that sales will by buoyed by a purchase of a South African mine from De Beers

Reuters.com reports that Petra Diamonds (PINK:PDMDF) says that sales will by buoyed by a purchase of a South African mine from De Beers.

The story is quoted as saying:

Petra has been in talks with De Beers since September to acquire the mine. Finsch, which is South Africa’s second-largest diamond mine by production, will become Petra’s eighth producing mine.

To access the full story, click here.

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