SA to open first gold mine in 15 years
WEST Wits Mining will break a significant drought when production begins next year at Qala Shallows, marking South Africa’s first new underground gold operation since 2009. The…
Petra increases credit facility to counter ‘lower-for-longer’ market
PETRA Diamonds has increased its revolving credit facility by R750m to a total of R1.75bn in preparation for a “weaker-for-longer diamond” market, the company said. Richard…
Petra defers $65m in capex at SA mines as diamond inventories rise
PETRA Diamonds is to defer $65m of its capital extension programmes at the Cullinan and Finsch mines with immediate effect but will not spell out the medium term impact on future…
Gold Fields unveils balance sheet restructure with $1.2bn, ESG-linked facility
GOLD Fields has announced a major refinancing of its balance sheet including a restructuring of its $1.2bn revolving credit facility which has been extended for five years. It…
Perseus secures ‘upsized’ $300m credit facility ahead of Meyas Sand decision in Sudan
PERSEUS Mining bolstered its balance sheet ahead of a decision on whether to proceed with the development of its Meyas gold project in northern Sudan. The Sydney-listed gold…
Tharisa gives Karo Platinum financing big push with $130m loan secured by offtake
THARISA, the chrome and platinum group metals (PGM) miner, raised $130m in a debt facility secured by offtake of its minerals. This follows the listing in December of just over…
Anglo launches €745m bond with incentives for holders if group fails ESG targets
ANGLO American has launched a €745m bond linked to meeting certain sustainability targets and which builds in benefits accruing to bondholders should the UK-listed miner fail to…
Harmony Gold wins approval for 100,000 oz/year expansion of Mine Waste Solutions
HARMONY Gold said it had received regulatory approvals to expand Kareerand, a deposition site as part of its Mine Waste Solutions (MWS) which was acquired from AngloGold Ashanti…
Harmony unveils $400m and R4bn in lending facilities linked to renewable energy targets
HARMONY Gold said today it had agreed a $400m and R4bn finance package for its previously stated renewable energy plans that will take the group to net carbon zero by 2045. ABSA…