Black Rock Mining ASX:BKT
- As announced previously, Black Rock has secured the key approvals for the US$113m Term Loan for Mahenge, which, subject to documentation, is expected to comprise: – US$59.6m from The Development Bank of Southern Africa (DBSA); and – US$53.4m from the Industrial Development Corporation of South Africa (IDC)
- Black Rock has also secured the key approvals for US$40m in additional debt facilities from Tanzanian lender CRDB Bank (CRDB). Subject to documentation, the ancillary debt facilities are expected to comprise: – US$20m Working Capital Facility; and – US$20m Cost Overrun Facility
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