[miningmx.com] — Nedbank Capital announced on Tuesday it has concluded a R1.3bn refinancing deal of Afripalm Resources.
Nedbank Capital acted as advisor and funder to the deal, and Anglo Platinum acted as partial funder and guarantor.
Afripalm Resources, chaired by Lazarus Zim, was established in 2006 to explore, develop and acquire interests in mining and energy related operations in Africa.
The group commenced trading by acquiring a 21% stake in JSE-listed Mvelaphanda Resources Limited.
Sighting tremendous future growth prospects for Mvelaphanda Resources subsidiary Northam Platinum, especially the development of the Booysendal Project, Afripalm and Nedbank Capital extended their investment and funding respectively for a further three years.
