Petra Diamonds appoints new CEO, share price rises
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(Reuters) - African miner Petra Diamonds named a new chief executive on Monday as it works to cut debt and generate free cash flow after first-half core earnings were hit by lower diamond prices.The news helped lift its shares more than 8 percent by 1010 GMT. The broader mining market was little changed.Analysts said appointing Richard Duffy, who has held finance posts in his 27 years in the mining industry, would benefit the company as it sought to cut debt. He has previously worked at Anglo..