Petra realises R616m from five-diamond sale
Cash-strapped Petra sells five blue diamonds as a collection from its SA Cullinan mine for $40m
25 November 2020 - 11:39
London-listed and deeply indebted Petra Diamonds realised R616m from the sale of just five diamonds from its flagship Cullinan mine near Pretoria.
Petra, the second-largest miner of SA diamonds after De Beers, is undertaking a major debt restructuring that will entail shareholders reducing their stake in the company to just 9% as it tackles its $650m bond that matures in early 2022...
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