Company News: Petra Diamonds Last Update: 13 May 2011
Press Release: Facilities secured for Williamson & Cullinan expansion
- Date: 02 Jun 2010
- Category: Standard Release
- Description: Petra Diamonds Limited has agreed terms with IFC (a member of the World Bank Group) and Rand Merchant Bank with regards to new debt facilities of approximately US$78million. The facilities will, together with contributions from Petra’s own treasury, primarily finance the expansions of the Williamson mine in Tanzania and the Cullinan mine in South Africa, as well as giving the flexibility to remove a short term debt obligation from Petra’s balance sheet.
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