South Africa's IDC approves R622m loan for Theta's TGME underground mine project
Development finance institution the Industrial Development Corporation of South Africa (IDC) has extended a credit-approved loan facility agreement for R622-million, or about A$53.8-million, to help fund ASX-listed Theta Gold Mines' TGME underground gold mine project, in Mpumalanga, South Africa. The agreement, which includes a debt term of seven years from first drawdown, follows the completion of due diligence by the IDC and allows Theta to move ahead with development and construction.
Development finance institution the Industrial Development Corporation of South Africa (IDC) has extended a credit-approved loan facility agreement for R622-million, or about A$53.8-million, to help fund ASX-listed Theta Gold Mines' TGME underground gold mine project, in Mpumalanga, South Africa. The agreement, which includes a debt term of seven years from first drawdown, follows the completion of due diligence by the IDC and allows Theta to move ahead with development and construction.
