Petra Diamonds CEO Richard Duffy has resigned "by mutual agreement and with immediate effect", the company said on Monday. The diamond miner said in a statement it has appointed Chief Restructuring Officer Vivek Gadodia and Juan Kemp,

Petra Diamonds Ltd., a UK-based mining company, has reported the resignation of its Chief Executive Officer Richard Duffy, a drop in earnings, and a breach of its lending covenants.

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,

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.