Petra Diamonds secures 25m dollar credit line

Petra Diamonds said it had secured new credit to help it cover the volatile price of gems and the South African Rand.

Petra Diamonds said it had secured new credit to help it cover the volatile price of gems and the South African Rand.

The firm said the $25m credit facility agreement with IFC, a member of the World Bank Group, was secured against its Finsch diamond mine in South Africa.

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