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…
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.