Petra Diamonds on Monday said it has appointed joint CEOs to replace Richard Duffy, who has resigned "by mutual agreement and with immediate effect" amid a wider loss of $69 million for the half-year to December 2024.

The CEO change came as Petra also reported a 60% drop in earnings for the six months ending December 31. The miner, which owns two diamond mines in South Africa, had adjusted earnings before interest, taxes, depreciation and amortization of $15 million in the period, according to an interim results statement.

PETRA Diamonds today announced the resignation of its CEO Richard Duffy ending nearly six – largely difficult – years at the company blighted by poor trading conditions which has forced the UK-listed firm into two rounds of restructuring.

Petra Diamonds CEO Richard Duffy has resigned "by mutual agreement and with immediate effect", the company said on Monday.

In a recent announcement on Monday, UK-headquartered Petra Diamonds revealed a significant change in leadership, appointing joint chief executive officers (CEO) to take the helm. This decision follows the resignation of Richard Duffy,