Kimberley raises P23m for Lerala reopening

Thursday, October 15, 2015

Workers preparing lerala mine for reopening in February next year

Diamond miner, Kimberley Diamonds Limited says it has secured $3-million (P23 million) in debt financing from China’s Zhejiang Huitong Auction to refurbish and recommission the Lerala mine and to fund ongoing operating costs.

In a statement released on Monday, the Australian Stock Exchange listed company said the funds would be provided under an existing loan agreement with Zhejiang, bringing the total funding to A$13 million (P98 million).

“Zhejiang Huitong Auction has agreed to provide KDL with a further A$3 million in debt finance. These additional funds will be provided under the terms of the loan agreement previously entered into with Zhejiang.

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Kimberley raises P23m for Lerala reopening

Diamond miner, Kimberley Diamonds Limited says it has secured $3-million (P23 million) in debt financing from China’s Zhejiang Huitong Auction to refurbish and recommission the Lerala mine and to fund ongoing operating costs.

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Coaches take jabs ahead of derby

A city divided!

Civil Society threatens Masisi with legal action

Routine child vaccination imperative