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Shanta banks on Sandvik for equipment

Emerging low-cost Tanzania gold producer Shanta Gold has tapped one of its key equipment suppliers, Sweden’s Sandvik, for more finance, this time for mobile machinery for the New Luika underground mine. New Luika is due to start underground production in the June quarter next year

Staff reporter
Shanta Gold previously bought and financed processing plant with Sandvik

Shanta Gold previously bought and financed processing plant with Sandvik

London-listed Shanta previously bought about US$10 million of processing plant from Sandvik and financed through the manufacturer over five years at a 6% interest rate. The new US$5 million deal with...

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