Mining News

Petra swings to full-year net profit, mulls selling Williamson mine

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After completing a capital restructuring exercise and selling a number of exceptional white and blue diamonds, London-listed Petra Diamonds has narrowed its adjusted loss before tax for the financial year ended June 30 by 88% year-on-year to $8.9-million.

In the prior financial year, the company posted a $74-million adjusted loss before tax.

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