LONDON (Thomson Financial) - Ridge Mining PLC said its 50 pct-owned unit
Blue Ridge Platinum (Pty) Ltd signed loan agreements for 107 mln usd to fund the
development of the Blue Ridge platinum group metals mine in Bushveld, South
Africa.
The funding comes from a consortium of South African banks comprising the
Standard Bank of South Africa Ltd, Investec Bank Ltd, the Development Bank of
Southern Africa Ltd and the Industrial Development Corp of South Africa Ltd.
The company added the 149,000 ounce per annum Blue Ridge mine remains on
target for production in the fourth quarter of 2008.
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