Petra Diamonds expects S.African mine buy to boost sales
Investing News Network - January 24th, 2011
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.