JOHANNESBURG (miningweekly.com) – Aim-listed Bellzone Mining would be advanced $750 000 by China Sonangol, in terms of an up to $4-million loan agreement, which was expected to allow the company to continue operations until mid-September.
This advancement would bring the amount drawn down under loan agreement to $1.5-million, Bellzone said on Monday.
Bellzone added that it remained in discussions with China Sonangol to reach agreement on the final satisfaction on all the conditions of the loan agreement.