Petra Extends Life of Cullinan, Finsch Mines
RAPAPORT... Petra Diamonds will invest $289 million to expand its two main mines in South Africa, each of which is expected to yield an additional 30% in revenue.The project at the company’s Cullinan mine will cost approximately $173 million and will extend the life of the mine until 2031, while its outlay of $216 million to upgrade the Finsch site will see it through to 2030, it said Tuesday. Bot...