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Lonmin raises US$200M in refinancing

Lonmin (LSE:LMI) has undertaken a three-year US$200 million refinancing through a metal purchase agreement with Jiangxi Copper Company’s Pangaea Investment Management.

Lonmin raises US$200M in refinancing Lonmin raises US$200M in refinancing Lonmin raises US$200M in refinancing Lonmin raises US$200M in refinancing Lonmin raises US$200M in refinancing

Lonmin remains focused on completing the Sibanye-Stillwater all-share transaction

The money will be used to settle its pre-existing $150 million loan and cancel other pre-existing undrawn facilities with its South African and US lender groups.