CAPITAL MARKETS

SouthernEra secures Messina financing

CANADIAN miner SouthernEra Resources Ltd is preparing for rapid development of its 70.4%-owned Messina platinum project in South Africa after it secured a R345 million (A$83 million) debt financing package.

Greg Tubby

Rand Merchant Bank, one of the country's largest financiers, was announced as lead arranger for the package, which will be used to complete construction and bring the project on stream. Peak funding...

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