(miningmx.com) - Pressure on Petra Diamonds’ finances eased further in the first six months of its financial year ended December. According to a trading update today revenue increased 49% to $264.7m owing to a marginal lift in production to 1.78 million carats and a vastly improved diamond market when compared to conditions in the first six months of last year. Petra was also bullish on the prospects for its full-year free cash flow which would be at the “upper end” of its $100m to $150m forecast as set down in a business efficiency programme called Project 2020.
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