Petra Begins Finsch Mine Rescue Plan Amid Diamond Market Slump

Petra Begins Finsch Mine Rescue Plan Amid Diamond Market Slump

Petra Diamonds Ltd. is putting one of its two mines into a business restructuring process and is considering job cuts across the rest of the company, as falling diamond prices and a strong rand erode earnings and liquidity.

Original Source

Read the full article at Bloomberg →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.