Namib secures US$6,5m Redwing Mine loan

NAMIB Minerals has secured a US$6,5 million non-dilutive term loan from BancABC to partially fund the next phase of its Redwing Mine restart in Manicaland. The facility, secured by the company’s wholly owned sub­sidiary, Bulawayo Mining Company, has been consolidated with existing term loan and overdraft facilities into a single facility. Namib said the funding…

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