Ivanplats Arranging Project-level Financing of up to US$420 Million to Advance Development of the World-scale Platreef Palladium, Platinum, Rhodium, Nickel, Copper and Gold Project in South Africa
Non-binding term sheet signed with Orion Mine Finance for US$300 million streaming facility Societe Generale and Nedbank appointed as mandated lead arrangers for a senior project debt facility of up to US$120 million Detailed engineering underway on mine design, 770-ktpa concentrator and associated infrastructure for Platreef's phased development plan, which is expected to be incorporated into an updated feasibility study by the end of 2021 Platreef's Shaft 1 changeover progressing well in preparation for permanent hoisting by early 2022 Mokopane, South Africa--(Newsfile Corp. - February 16,...