Petra Diamonds on track to reach full-year production target

Production at FTSE 250 miner Petra Diamonds’ operations increased 24% to 2.01-million carats in the first half of the year, ended December 31, owing to a higher contribution from undiluted run-of-mine (RoM) ore leading to improved grades, and additional tailings production from its Kimberley Ekapa Mining joint venture (JV) in the Northern Cape. During the six months under review, the company’s revenue also increased 48% to $228.5-million, owing to increased sales, which rose 47% to 1.91-million carats.