https://newsletter.mw.creamermedia.com
Africa|PROJECT|Operations
Africa|PROJECT|Operations
africa|project|operations

Kropz draws down R90m under ARC Fund bridge loan

28th March 2023

By: Creamer Media Reporter

     

Font size: - +

Emerging African phosphate producer and developer Kropz has drawn down R90-million under a bridge loan from the African Rainbow Capital (ARC) Fund.

Kropz earlier this month informed shareholders that it had entered into new bridge loan facilities of R285-million with ARC Fund to meet immediate cash requirements at its Kropz Elandsfontein operation, in South Africa.

An initial R25-million was drawn down on March 14.

In addition to the Elandsfontein operations, the company is also developing the Hinda phosphate project in Congo-Brazzaville.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer
Magazine round up | 15 November 2024
Magazine round up | 15 November 2024
15th November 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.065 0.142s - 144pq - 2rq
Subscribe Now