Stellar Performances for Lucapa and Petra

Mining and Exploration
15/09/2021 16:47

Lucapa Diamond and Petra Diamonds both released performance updates with record revenues. For Lucapa, revenue from Mothae (Lesotho, sold via Antwerp) and Lulo (Angola) was up nearly 300% to US$27m total in H1. Petra Diamonds 2021FY revenue, marketing its goods via Antwerp, was up 65% to US$402m, with the highest contribution from exceptional diamond sales in the history of the company. Both miners point to market recovery and stability with healthy demand for rough diamonds in recent months, as well as optimized cost controls and increased efficiency in response to the challenges of the pandemic.