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.

OreCorp flooded with Nyanzaga debt offers OreCorp flooded with Nyanzaga debt offers OreCorp flooded with Nyanzaga debt offers OreCorp flooded with Nyanzaga debt offers OreCorp flooded with Nyanzaga debt offers

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.

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