Mining News

Pan African’s new revolving credit facility now effective

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Midtier Africa-focused gold producer Pan African Reources’ new R1-billion revolving credit facility (RCF), which became effective earlier this month, has a three-year term and bears interest at a reduced margin of 275 basis points over the applicable Johannesburg Interbank Agreed Rate. The new RCF consolidates the previous loan, which would have expired in June next year, and the existing Elikhulu term loan.

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