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Market NewsNewsPetra says 'likely' to breach loan condition

Petra says 'likely' to breach loan condition

Petra Diamonds said on Monday it was likely to breach a key condition of its banking agreements due to labour disruption at is South African operations and uncertainty around sales volumes in Tanzania, moneweb.co.za reported.

The company said it had told lenders it was likely to breach a core earnings ratio this financial year that is part of its banking arrangements, said the moneyweb.co.za report. 

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