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IBTimes reported Petra Diamonds (LON:PDL) reported revenue of $220.6m in the year to end-June, with mining profit at $76.4m.
IBTimes reported Petra Diamonds (LON:PDL) reported revenue of $220.6m in the year to end-June, with mining profit at $76.4m.
The market news is quoted as saying,
Petra said production of 1,117,795 carats was relatively flat for the period (2010: 1,164,856) due to its strategic focus on ‘value production’ (by raising bottom-cuts at certain operations), the planned cessation of main pit production at Williamson, the planned depletion of Optical Sort Plant tailings material at Cullinan, initial commissioning difficulties at Kimberley Underground and unseasonably heavy rainfall in South Africa.
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