Wogen increases Bushveld’s working capital facility to $11m

Wogen Resources has agreed to further increase the working capital facility extended to diversified miner Bushveld Minerals’ Bushveld Vametco subsidiary from $9-million to $11-million. Bushveld Minerals on Tuesday announced that its subsidiary would retire a $3-million prepayment facility due to Wogen, while Wogen had also agreed to extend the working capital facility, to be used at the Vametco Alloys operation, near Brits, by $3-million to $9-million.