FINWIRES · TerminalLIVE
FINWIRES

West Wits Mining Executes Definitive Loan Agreements to Fund South Africa Gold Project

By

West Wits Mining (ASX:WWI) executed definitive loan agreements for its project finance package to fund the Qala Shallows gold project in South Africa, the first stage of its Witwatersrand Basin project, according to a Friday Australian bourse filing.

The package comprises three complementary facilities, provided collectively by Absa Bank and Nedbank. This includes a 875 million South African rand senior loan facility, a 150 million South African rand working capital facility, and a 90 million South African rand cost overrun debt facility.

Related Articles

Asia

Singapore Welcomes US-Iran Peace Deal, Commends Mediators

Singapore has welcomed the signing of a memorandum of understanding between the U.S. and Iran to end hostilities and establish a framework for further negotiations, according to an official statement by the Ministry of Foreign Affairs on Thursday.The ministry commended the mediatory role played by Pakistan and Qatar to broker an interim deal between the two sides, while also welcoming the commitment to reopen the Strait of Hormuz.U.S. President Donald Trump signed the deal in France during the G7 summit, while the president of Iran, Masoud Pezeshkian, signed the document on Wednesday.

^STI
Asia

Keppel Repurchases Shares Worth SG$2.3 Million

Keppel (SGX:BN4) bought back 200,000 shares in the open market on Wednesday for nearly SG$2.3 million, according to a same-day filing with the Singapore Exchange.The infrastructure and real estate company has so far repurchased over 11 million shares under its existing buyback mandate.

SGX:BN4
Asia

Teco Electric and Machinery Unit Leases Office Space for NT$22 Million

Teco Electric and Machinery (TPE:1504) TECNOS International Consulting acquired the right to use office space in Taipei, Taiwan, for NT$22.4 million, according to a Thursday Taiwan Exchange filing.Shares gained about 2% in Friday's late morning trade.The assets will be purchased from related party Tong-An Assets Development & Management.The lease term runs from July 1, 2026, to June 30, 2032, and the office space will be used to meet operational requirements.

TPE:1504