Standard Bank Namibia and Standard Bank of South Africa

Trevali secures N$1.8 billion funding for Rosh Pinah Mine expansion

Trevali secures N$1.8 billion funding for Rosh Pinah Mine expansion

Tujoromajo Kasuto Trevali Mining has received credit approval from Standard Bank Namibia and Standard Bank of South Africa for a N$1.86 billion (US$110 million) to fund the expansion of the Company’s Rosh Pinah Mine in Namibia. “Project financing for the Rosh Pinah expansion has been steadily progressing for the past several months, and we are pleased to report the confidence in the Rosh Pinah operation and expansion that is reflected by Standard Bank’s credit approval and strong endorsement of the RP2.0 project,” says Ricus Grimbeek, President and Chief Executive Officer (CEO) of Trevali. “The expansion at Rosh Pinah is the…
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