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.