Petra Diamonds invited merger and acquisition proposals on Monday, with CEO Richard Duffy saying the industry would benefit from consolidation. mining
Ground handling worker performing a routine inspection at Finsch, South Africa’s second largest diamond operation by production.
The diamond mining industry is dominated by Russia’s Alrosa on one hand, and Anglo-American’s De Beers on the other, with the remainder of the sector made up of various small mining firms including Petra.
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