The third stage of expansion of the mine is expected to increase the mine production capacity from 3.7Mlb per annum to 5.2Mlb per annum.
Paladin Energy will receive the financing from SociétéGénérale, Nedbank Capital, Standard Bank, Barclays Capital and Rand Merchant Bank.
The project financing facility will consist of a six-year project finance facility of $135m with a costs overrun facility of $6m.
With this financing facility, the third stage of Langer Heinrich expansion is fully financed and is expected to reach its capacity in the first quarter of 2012.
