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Kropz announces third drawdown on loan for Elandsfontein

9th March 2026

By: Sabrina Jardim

Senior Online Writer

     

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Aim-listed phosphate producer and developer Kropz has reported that the third drawdown on the loan facility, for an amount of R40-million, has been made from a previously announced loan with the ARC Fund.

As announced on December 8, 2025, Kropz Elandsfontein and ARC Fund had agreed to a R250-million, about $14.4-million, loan facility.

As previously reported in Mining Weekly, the loan extended by ARC Fund will be used by Elandsfontein to fund its cash flow and operational expenditure needs. 

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Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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