The facility is among the largest mining financing transactions arranged by Nedbank CIB, reinforcing the role of international financial institutions in supporting capital-intensive mining...
By
Josephine Christopher
Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. Tanzania’s mining sector has received a major vote of confidence after AngloGold Ashanti’s Geita Gold Mine secured a $500 million (about Sh1.3 trillion) financing facility arranged by Nedbank Corporate and Investment Banking (CIB), strengthening funding support for one of the country’s largest gold-producing operations.
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