The Star Late Edition

Eastplats gets $100m funding


Eastern Platinum (Eastplats) reported yesterday that it had secured a $100 million (R803.5m) funding package to cover the costs of its Mareesburg project and the constructi­on costs of the associated concentrat­or. The firm announced yesterday it had signed an agreement with Unicredit Bank and Standard Finance for the cash. Mareesburg is expected to be a low-cost operation that will deliver 100 000 ounces of platinum group metals a year at full production, Eastplats president and chief executive Ian Rozier said. – Dineo Matomela


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