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    Petra Diamonds Production Up 64%

    Investing News Network
    Feb. 01, 2012 03:27PM PST
    Gem Investing

    Mining Weekly reported Petra Diamonds’ (LSE:PDL) production is up 64% and the company is on track for two-million carat output in 2012.

    Mining Weekly reported Petra Diamonds’ (LSE:PDL) production is up 64% and the company is on track for two-million carat output in 2012.

    As quoted in the market news:

    In its six-month trading update, the miner said the increased production was mainly attributable to the acquisition of the Finsch mine in the Northern Cape, which it bought for R1.43-billion from De Beers on September 14.

    Click here to read the full Mining Weekly report.

    northern cape
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