NAMIB Minerals’ subsidiary, Bulawayo Mining Company (Private) Limited, has entered into a non-binding term sheet with Ecobank Zimbabwe Limited for a proposed non-dilutive $30 million loan facility. The funds are intended to support Redwing Mine’s resource-definition and bankability programme. A non-dilutive loan facility is a form of structured debt that enables companies to raise capital […] The post EcoBank extends US$30 million loan facility to local miner appeared first on NewZimbabwe.com.

Originally published by The Zimbabwe News. Read original article