Petra remains on track for year

FTSE 250-listed Petra Diamonds yesterday reported a 31 per cent rise in production for the six months to 31 December 2013 and said it remains “firmly on track” to meet full-year guidance of three million carats. Revenue rose 19 per cent to $185.5m (£111.2m), with strong second-half revenue expected due to the timing of the miner’s diamond tenders and the sale proceeds from the 29.6 carat blue diamond recovered earlier this week.

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