STATE owned miner Mutapa Gold Resources (MGR) has secured a US$125 million syndicated loan from local banks to finance the development of its Shamva Hill Project. The banking syndicate includes: CBZ Bank (US$25 million), Ecobank (US$25 million), CABS (US$20 million), ZB (US$15 million) NMB (US$15 million), FBC Bank (US$10 million), First Capital (US$10 million) and [...] The post Mutapa Gold secures US$125m loan facility for Shamva Hill project appeared first on NewZimbabwe.com.

Originally published by The Zimbabwe News. Read original article