Loading...
See More

IFC to aid Petra's mine expansion

Jul 04 2012 07:55 Reuters

Related Articles

Volatile diamond prices 'not forever'

Petra slumps to first-half loss

Petra's blue diamond fetches record price

Petra profit dips, sees volatile prices

Petra Diamonds revenue up 24%

Petra Diamonds output surges

 

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.

 
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

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
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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