Petra Diamonds places S.African Finsch mine on business rescue, plans job cuts
Petra Diamonds places S.African Finsch mine on business rescue, plans job cuts May 29 (Reuters) - Petra Diamonds PDL.L said on Friday it would place its Finsch mine into business rescue and would cut jobs across the group, as a weak diamond market due to the Middle East conflict and a strong South African rand hit cash flow.
(Reporting by Nithyashree R B in Bengaluru; Editing by Vijay Kishore)
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