• Retribution will come

    Those who now pay the price for opposing a corrupt system shall rise again, says Solly Moeng.

  • Ego - the enemy within

    Successful people are humble in their aspirations and resilient in failure, says Ian Mann.

  • You can’t eat dust

    We should insist on products that save our soil and ensure food security, says Mandi Smallhorne.

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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.

 

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