Prospect provides $10 million for development projects in Zimbabwe

Published: Sep 12, 2018 11:50

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SMM, Sept. 12: Prospect Resources, which is listed on the Australian Stock Exchange, announced that its 70 per cent stake in Zimbabwe subsidiary Prospect Lithium Zimbabwe has received US $10 million in export financing from the Reserve Bank of Zimbabwe through CBZ Bank. The interest rate on the loan is 7.5%, and the holiday is 12 months, followed by 24 months of principal and interest payments per month.

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Zimbabwe Lithium Import and Export Mining production capacity

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