Northam arranges R1bn loan for Booysendal

JSE-listed Northam Platinum has arranged a R1-billion credit facility to help support key strategic initiatives, particularly the development of the Booysendal mine, it said on Monday. The platinum-group metals company said it entered into a facility agreement with Nedbank, acting through its Nedbank Corporate and Nedbank Capital divisions, for the five-year revolving credit facility.

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