DIAMOND miner and explorer Petra Diamonds, which bought three diamond operations from De Beers in the past year, has almost quadrupled revenue in the six months to last month. Revenue soared to $31,6m from $8,2m in the same period in 2006, Petra said in a trading update yesterday.

Petra Diamonds is listed on London's AIM, but all its producing mines are in SA. In the past six months revenue was generated mainly from Koffiefontein, which it took over from De Beers in July, and from its Sedibeng, Helam and Star diamond mines. The purchase of Kimberley underground operations and the Cullinan Diamond Mine from De Beers is still being finalised.

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