Staff Reporter<\/p>\n\n\n\n
ROSH Pinah Zinc (RPZ) has secured a N$2.6bn (US$150 million) debt facility underwritten by Standard Bank to complete its RP2.0 expansion project, a development set to modernise operations and nearly double the mine\u2019s zinc production.<\/p>\n\n\n\n
Appian Capital Advisory Limited, RPZ\u2019s majority shareholder, led a competitive tender process with multiple lenders before selecting Standard Bank. The financing will cover the remaining construction costs, ensuring the project is fully funded through to ramp-up.<\/p>\n\n\n\n
Standard Bank\u2019s support follows extensive technical, legal, environmental, and social due diligence, underscoring confidence in the commercial viability and ESG standards of RP2.0.<\/p>\n\n\n\n
The expansion includes further underground mine development, a new processing plant, a paste fill and water treatment facility, and a newly developed portal and decline to access extended deposits. Once complete, RP2.0 is expected to boost production capacity to 170 million pounds of contained zinc per year.<\/p>\n\n\n\n
Construction of surface facilities is currently more than 80% complete and remains on budget. Full completion is targeted for the third quarter of 2026, with ramp-up to follow shortly thereafter.<\/p>\n\n\n\n
Alex Mayrick, General Manager of RPZ, said the financing provides the company with the flexibility to complete the project. \u201cStandard Bank is a longstanding supporter of RPZ and a leading partner in African mining. Their confidence reinforces our long-term vision for RP2.0.\u201d<\/p>\n\n\n\n
Ignacio Bustamante, Head of Base Metals at Appian, described the financing as a \u201cmajor step forward\u201d for the project. \u201cThe expansion is central to our strategy to optimise operations and extend mine life, delivering long-term value for all stakeholders.\u201d<\/p>\n\n\n\n
Endeavour Financial acted as financial advisor to Appian in the transaction.<\/p>\n\n\n\n
Photo: Appian Capital Advisory<\/p>\n","protected":false},"excerpt":{"rendered":"
Staff Reporter ROSH Pinah Zinc (RPZ) has secured a N$2.6bn (US$150 million) debt facility underwritten by Standard Bank to complete its RP2.0 expansion project, a development set to modernise operations and nearly double the mine\u2019s zinc production. Appian Capital Advisory Limited, RPZ\u2019s majority shareholder, led a competitive tender process with multiple lenders before selecting Standard …<\/p>\n","protected":false},"author":10,"featured_media":382586,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27,24],"tags":[],"class_list":["post-382584","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","category-news"],"yoast_head":"\n