The International Financial Corp, the private sector arm of the World Bank, said it would invest $150 million in Lonmin, the world’s third-largest platinum producer, to facilitate sustainable community development and black economic empowerment (BEE). %% The IFC plans to invest up to $50 million in Lonmin’s equity, which will available at a 5 per cent discount to the market price. Lonmin has committed to invest the first $15 million received from the IFC under the equity option in community projects to benefit the communities which host Lonmin’s operations in South Africa. %% The World Bank lending arm will also provide a $100 million loan to facilitate the participation of any BEE partner selected by Lonmin in any project. In addition, the facility can be drawn down to fund any of Lonmin’s current or future expansion projects, it added.