PROJECT FINANCE

Petra flags debt covenant miss

Petra Diamonds (LN:PDL) will likely break the debt-to-earnings ratio required by lenders because of the uncertainty over the Williamson mine in Tanzania and now-ended strikes in South Africa.

Petra's Williamson mine is under a cloud because of the Tanzania government's new focus on mining revenue

Petra's Williamson mine is under a cloud because of the Tanzania government's new focus on mining revenue

Petra said there was a risk it would not be able to keep its debt-to-EBITDA ratio at 4:1 because of the strife. "Compliance has been placed further at risk due to the labour disruption at three of the...

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