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Article: Zimbabwe: HCCL on verge of securing US$75m loan.

Article from:
TendersInfo
Article date:
August 27, 2009
Copyright

Byline: shiv03

HWANGE Colliery Company Limited is on the verge of securing a US$75 million loan from the Development Bank of Southern Africa for the refurbishment of its equipment.

DBSA, the largest regional financier and HCCL will now need to agree on loan conditions that will include security and period of repayment.

Last week, officials from DBSA were here conducting a technical due diligence exercise.

DBSA is the lead arranger in this initial capitalisation phase while the key partner is the Industrial Development Corporation of South Africa.

The financiers finished their technical due diligence exercise last week and ...

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