Petra Diamonds to mine about 3.2m carats

London - Petra Diamonds said it would mine about 3.2 million carats in the financial year ended June 2015, an increase of 3% from the previous year.

The company, which has five producing mines in South Africa and one in Tanzania, said it remained on track to meet its production target of about 5 million carats annually by the 2019 financial year.

London-listed Petra Diamonds gets most of its production from five mines it bought from Anglo American's [JSE:AGL] De Beers unit, the world's biggest diamond producer by value.