Shares Petra Diamonds (LON:PDL) climbed more than 12% on Wednesday after the company said the Tanzanian government had authorized it to resume diamond exports and sales from its Williamson mine.
The Africa-focused diamond miner noted the timing and process for the next diamond export to the company's office in Antwerp and the sale would be finalized between the company and the government.
The company stock jumped on the news, closing 12.2% higher at 64.80 pence, after it had fallen on Tuesday to its lowest since late 2015.
More to come…
The post Petra jumps on Tanzania letting it resume diamond exports appeared first on MINING.com.
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