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Ivanplats progresses financing for Platreef

Ivanhoe Mines' PGM-focused subsidiary Ivanplats has lined up streaming and debt facilities worth US$420 million to fund its Platreef PGM, nickel, copper and gold project in the Limpopo province, South Africa.

Ivanplats progresses financing for Platreef Ivanplats progresses financing for Platreef Ivanplats progresses financing for Platreef Ivanplats progresses financing for Platreef Ivanplats progresses financing for Platreef

Workers at Ivanplats Platreef project in the Limpopo province, South Africa

Ivanplats has signed a non-binding term sheet with Orion Mine Finance for a $300 million streaming facility, and has appointed Societe Generale and Nedbank as lead arrangers for a $120 million debt