Tharisa Minerals Gets 1 Billion Rand Bank Funding, Nedbank Says

Tharisa Minerals (Pty) Ltd. got 1 billion rand ($131 million) from HSBC Holdings Plc (HSBA), Nedbank Group Ltd. (NED) and Absa Group Ltd. (ASA) for a 4.8 million metric ton chrome and platinum mine and concentrator plant in South Africa.

“All three banks were appointed jointly as the mandated lead arrangers to Tharisa,” Nedbank said today in an e-mailed statement. “All three banks are lenders to Tharisa, with HSBC appointed as facility agent and account bank.” They provided about 333.3 million rand of funding each, it said.

To contact the reporter on this story: Jana Marais in Johannesburg at jmarais@bloomberg.net

To contact the editor responsible for this story: Vernon Wessels at vwessels@bloomberg.net

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