PETRA Diamonds Ltd said core earnings fell 8 per cent in the first half of the year, hurt mainly by a strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania.
The miner issued a profit warning and cut its production forecast last month after it faced a string of issues, including a three-week strike at its South Africa operations and the blocking of a consignment of diamonds in Tanzania that led it to flag a possible breach of two of its debt covenants in October.
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