African Copper loan deal completed

Thursday, February 04, 2010

Zambia Copper Investments (ZCI) and Botswana Stock Exchange listed African Copper (ACU) has completed the refinancing of a bridging loan, which ZCI provided to ACU in May 2009, with a four-year secured credit facility.

The facility placed ACU's borrowings from ZCI on a more permanent footing.

The four-year credit facility would be worth more than $31-million and replaces the $7-million bridging and the $25,4-million bridging loan that ZCI provided to ACU in May.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

On the verge: Young Stars could be promoted this weekend PIC: KENNEDY RAMOKONE

Champagne time for Young Stars?

Boitumelo Khutsafalo | 1 h ago

Botswana editors forum calls for greater inclusivity and consultation

Correspondent | 2 h ago

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

Staff Writer | 1d ago

MISA Botswana celebrates World Press Freedom day

Staff Writer | 1d ago

Unlawful wounding turns to murder

Sharon Mathala | 1d ago

Mahalapye suspected copper cable thief nabbed

Pini Bothoko | 1d ago

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

The Monitor Editor | 29 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More