Petra prioritises production to tackle debt load
Petra Diamonds is working to allay market worries over a $650m bond due in 2022
Petra Diamonds expects a modest increase in rough diamond prices during 2020, but it is not counting on improved revenue to dig the company out of its deep debt obligations.
Petra, which is listed in London, has four mines, three in SA and one in Tanzania. It is SA’s second-largest diamond producer behind De Beers...