JOHANNESBURG (miningweekly.com) – LSE-listed Petra Diamonds sold 606 080 ct, earning it $86.2-million in revenue, during the six-month period from July to December.
Closing its second tender for the first half of the financial year, Petra said that, barring 3 200 ct, estimated to be valued at $166 000, all goods were sold, including the 23.16 ct pink stone from the Williamson mine, in Tanzania, for $10.05-million and the unsold parcels from the first tender held during the six months.
“Pricing on a like-for-like basis was flat in comparison with Petra's first tender of the 2016 financial year; however, the expected improvement in product mix has favourably impacted the average value per carat achieved for each of the company's operations,” Petra said in a market update to shareholders on Friday.
Petra, which planned to hold four tenders in the second half of 2016, would release production and sales for the six months to December 31, 2015, on January 25, 2016.