West Wits locks in A$96.7M to drive South African gold ramp-up
West Wits Mining secured A$96.7 million in financing on Wednesday to advance its Qala Shallows gold project in South Africa. The funding, arranged through definitive loan agreements with Absa Bank and Nedbank CIB, aims to achieve a production rate of 70,000 ounces per year starting in late 2028. This marks a significant step for the country's mining sector.
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Published 19 Jun 2026, 06:51 UTC · Updated 19 Jun 2026, 07:00 UTC
Summary by OZbrief Editorial. Original report: Brisbane Times. Editorial policy · Corrections
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