Eastplats $100 Million Debt Facility

Mining Weekly reported Eastern Platinum (TSX:ELR) has finalised a $100-million debt facility with UniCredit Bank and a Standard Bank unit.

As quoted in the market news:

The operation is set to produce 100 000 oz of platinum group metals at full capacity. Eastplats had previously pencilled in first production for the end of 2012.

The company first said it would raise the $100-million financing with UniCredit and Standard Bank in October 2010.

Click here to read the full Mining Weekly report.