Miner Petra Diamonds to raise $178 mln to cut debt, cope with strong rand

LONDON, May 24 (Reuters) - Mining firm Petra Diamonds said on Thursday it would raise $178 million from investors to cut debt after it was hobbled by a strong South African rand, delays in production, strikes and a confiscated consignment of diamonds.

from Reuters: New Issues News https://ift.tt/2KSlgDU