https://www.miningweekly.com

Goldplat’s Ghana operations receives $1.4m due

12th November 2015

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Aim-listed Goldplat’s subsidiary Gold Recovery Ghana (GRG) has entered into a prepayment facility deal with Auramet International to accelerate the receipt of funds due from Aurubis in December 2015 and January 2016.

The prepayment agreement provided for the payment of interest at three-month London Interbank Offered Rates plus 5% on an annualised basis.

In November, the African gold producer’s Ghana operations received $1.4-million for backlog material sold to Aurubis Refinery.

This enabled GRG to pay two of Goldplat's major gold material suppliers in Ghana, which, in turn, would enable GRG to draw materials from those suppliers and accelerate expansion in Ghana.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.051 0.875s - 110pq - 2rq
Subscribe Now