|
Ironveld PLC - South Africa-focused mining company - Says its newly installed power generation at its Rustenburg facility in South Africa is now supplying two furnaces, following a slight delay over the summer. Says final works and commissioning of the third planned furnace at the smelter had been put on hold as a result, but is now expected to start in October. Adds its operating expenditure has been higher than anticipated as a result, and has thus entered into a working capital loan facility agreement with Tracarta Ltd. Says it consists of a maximum of £500,000 to ‘provide the company with flexibility in meeting ongoing operating costs over the coming months.’ Current stock price: 0.30 pence, down 2.5% 12-month change: up 6.3% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
