"Subject only to satisfactory completion of the conditions precedent, funding for the construction of the remainder of the mine is now assured. The agreements are the product of a lot of hardwork and we are grateful for the drive and commitment of the Lending Syndicate and the professional advisors on both sides of the transaction in converting the agreed indicative funding terms into full form binding agreements’.
Mr Molotsane added ‘Stakeholders can rest assured that we have been working on the conditions precedent in parallel with the legal agreements and substantial progress has already been made. We are now focused on completing these tasks as quickly as is possible’"
Great work Papi and Lula! Its not everyday (10+yrs of hard work it seems) you get a coal mine project off the ground.
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