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Mantengu refinances R130m in short-term debt

5th March 2026

By: Creamer Media Reporter

     

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Mining investment company Mantengu Mining, which holds chrome and platinum group metals mining assets in South Africa, has successfully refinanced about R130-million in short-term debt that had been due for repayment at the end of February.

Mantengu's wholly owned subsidiaries, Langpan Mining and Sublime Technologies had entered into working capital facility agreements in the prior year, with the terms of these facilities requiring repayment 12 months from drawdown.

Langpan and Sublime entered into negotiations with a view to restructuring these facilities. Langpan's working capital facility has been converted into a long-term loan over a period of four years, while Sublime's working capital facility has been converted into a long-term loan over a period of three years.

"This refinancing by the lenders affirms the solid businesses of both Langpan and Sublime and will allow the group to use its excess cash to bolster mining operations in its chrome business segment. The group plans to add to its yellow machinery fleet to increase mining production and ultimately deliver an increased output of chrome in the 2027 financial year," the Mantengu board notes.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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