Zimplats borrowings up on expansion drive

The loans were both sourced from both international and local financial institutions. These funds were primarily used to support capital-intensive projects such as smelter expansion, solar power development, and working capital needs.

ZIMPLATS increased its total borrowings from US$60 million to US$64,5 million during the half-year ended December 31, 2024 to finance operations and expansion projects, the company has said.Accordingly, the company made new drawdowns totaling US$9 million to finance its operations and expansion projects, while also repaying US$3,2 million in debt during the period.The loans were…

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