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Petra first-half core earnings rise on Finsch mine output

Feb 25 (Reuters) - South African Miner Petra Diamonds Ltd reported 20 percent higher core earnings for the first half, helped by production at its recently purchased Finsch mine. Adjusted earnings before interest, taxes, depreciation and amortisation rose to $32.6 million for the six months to Dec. 31 from $27.1 million a year earlier. Petra, which has seven operating mines in South Africa and one in Tanzania, said revenue grew 63 percent to $151.7 million.

Petra Diamonds cuts full-year production forecast

Jan 29 (Reuters) - South Africa-focused miner Petra Diamonds lowered its full-year production target by about 7 percent, citing volatility of recovered grades, particularly at its Finsch and Cullinan mines. Petra said it to expects to produce about 2.65 million carats for the year ending June 30, down from its previous forecast of 2.85 million carats.
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