West Wits secures credit approval for R902m loan facility to advance Qala Shallows
ASX-listed West Wits Mining (WWI) has agreed a credit approved term sheet for a senior debt syndicated loan facility of up to R902.5-million to provide senior funding for development of the Qala Shallows gold project, which is Phase 1 of the company’s Witwatersrand Basin Project in South Africa. The Industrial Development Corporation of South Africa (IDC) and Absa Bank – acting through its Corporate and Investment Banking Division – will deliver about 55% of all project funding for Qala Shallows gold mine.
ASX-listed West Wits Mining (WWI) has agreed a credit approved term sheet for a senior debt syndicated loan facility of up to R902.5-million to provide senior funding for development of the Qala Shallows gold project, which is Phase 1 of the company’s Witwatersrand Basin Project in South Africa. The Industrial Development Corporation of South Africa (IDC) and Absa Bank – acting through its Corporate and Investment Banking Division – will deliver about 55% of all project funding for Qala Shallows gold mine.
