PROJECT FINANCE

OreCorp flooded with Nyanzaga debt offers

ORECORP says European and African banks have offered it far more debt than it needs for development of its US$474 million Nyanzaga project, set to be the first new large-scale gold mine in Tanzania in almost 20 years when it produces its first bars in 2025.

 From little things, OreCorp hopes a big mine will grow

From little things, OreCorp hopes a big mine will grow

The prospective financiers, which includes banks within Tanzania, have issued indicative funding proposals for the development of Nyanzaga exceeding $400 million.   It had been looking for $300 million...

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