Funding has closed for the gold-from-dumps mining project west of Johannesburg, which has the potential to make the surrounding towns thrive once again, and be a shining example of what modern mining can be. The full upfront capital of R2.5-billion for the project’s development has been secured, with conditions precedent to its R1.3-bilion senior debt facility for the funding of the Mogale project in the Kagiso/Krugersdorp area being fulfilled, London- and Johannesburg-listed Pan African Resources stated in a release to Mining Weekly on Tuesday, August 1.