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June 29, 2011
Continental secures loan for Penumbra, inks deal with new black partner
JOHANNESBURG (miningweekly.com) − ASX-listed Continental Coal on Wednesday announced that it had secured a seven-year, $35-million loan from Absa Capital bank to fund the development of its Penumbra mine in South Africa.
The coal miner also managed to secure a $15-million loan to refinance its existing debt and a yearly working capital facility of $15-million from the bank.
Posted by StaffWriter at June 29, 2011 10:29 AM