• Courage to do right

    A number of factors will impede Zuma’s opportunity to have a ‘Lula moment’, says Prof Dirk Kotze.

  • #Budget2016

    Possible steps that can be taken in the National Budget to avert a junk status.

  • No ordinary SONA

    A weak president presiding over a racially polarised nation faces a serious task.

All data is delayed
Loading...
See More

IFC to aid Petra's mine expansion

Jul 04 2012 07:55
Reuters

Washington - The World Bank's private investment arm on Tuesday agreed to a $25m loan to fund the expansion of London-listed Petra Diamonds' Finsch mine in South Africa.

The International Finance Corp, which has an equity stake in Petra, said a parallel loan with similar terms would be provided by Rand Merchant Bank. Petra Diamonds' expansion of the 44-year-old mine is set to extend its life for a further 18 years.

 

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Will Jacob Zuma's State of the Nation speech help SA avoid "junk" downgrade?

Previous results · Suggest a vote

Loading...