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First Quantum completes enlarged refinancing

First Quantum Minerals has closed the $3.85 billion bond and bank refinancing of its corporate debt, as it nears the start of construction on the Cobre Panama copper project

Centamin to exit Ethiopian gold licences

Alecto Minerals has announced today (18 February 2015) that it is to terminate its joint venture partnership with Centamin to develop the Wayu Boda and Aysid Metekel gold licences in Ethiopia

Orinoco Gold turns to Chancery on Cascavel

Orinoco Gold has said that it will use a combination of new equity and a production-sharing agreement to raise A$14 million ($10 million) towards the cost of its Cascavel gold mine in Brazil

Tri-Star and OIF sign on debt for Oman Roaster

The consortium led by Tri-Star Resources and Oman Investment Fund (OIF) have signed on a $40 million facility offer letter (FOL) debt agreement with Bank Nizwa for the construction of a new metal and tri-oxide manufacturing roasting facility in Oman

Potash Ridge nears advisory mandate

Canadian alunite deposit developer Potash Ridge said it plans to mandate a financial adviser for its Blawn Mountain project in Utah once it has completed a full feasibility study

Sunridge Gold plans Q3 financing for Asmara

Canadian-listed junior miner Sunridge Gold plans to close all of the financing for phase 1 of its Asmara project in Eritrea in the third quarter of this year

Gran Colombia Gold to resume bond payments

Colombian previous metals producer Gran Colombia Corp said it will restart payments on its gold- and silver-linked notes because of improved operating conditions at its Segovia mine

Aspire appoints CR20 for Mongolian coking railway feasibility study

Aspire Mining’s rail infrastructure subsidiary Northern Railways has appointed China Railway 20 Bureau Group (CR20) to undertake the bankability feasibility study for the 547km $1.3 billion Erdenet to Ovoot railway in Mongolia

Orezone signs Sandstone royalty sale for Bomboré gold

Africa-focused mine developer Orezone Resources has signed a royalty purchase agreement with Sandstorm Gold to provide early stage funding for its Bomboré gold project in Burkina Faso

Tasnee signs debt for Cristal share acquisition

The National Industrialisation Company (Tasnee) of Saudi Arabia has signed on a SR1.2 billion murabaha financing facility to part-fund the acquisition of additional shares in titanium dioxide producer Cristal

Focus Graphite receives Caterpillar letter on Lac Knife

Canadian listed developer Focus Graphite says it has received a letter of interest from Caterpillar Financial in the financing for its $166 million Lac Knife graphite mine project in Quebec

Heidelberg approaches IFC on Guinea-Bissau cement

Scancem and Maxime Cardoz have approached the International Finance Corporation (IFC) for debt funding for the construction of a cement grinding mill in Guinea-Bissau

Sirius signs on Nova Nickel

Sirius Resources has appointed Watpac as contractor for the company’s A$473 million Nova Nickel project in Australia

Roxgold loses Credit Suisse from Yaramoko

Credit Suisse decided not to extend a $37.5 million debt financing commitment to Roxgold’s Yaramoko gold project in Burkina Faso when it expired on 25 December

Base raises shareholder loan for Kwale mineral sands

Base Resources has raised an additional $20 million in debt from major shareholder Taurus Funds Management to support the Kwale minerals sands project in Kenya

Minera IRL targets early 2015 close on Ollachea gold

Latin American gold mining company Minera IRL said today (23 December 2014) it aims to close project financing on its Ollachea gold mining project by the first quarter of 2015

Kazakhstan Potash signs funding and EPC agreement

Australian-listed Kazakhstan Potash Corporation has signed a framework cooperation agreement with a potential lender, a potential contractor, and the host government for its potash mining projects in Kazakhstan

Shanta Gold signs refinancing with Investec

East African-focused gold mining company Shanta Gold has signed on a $40 million refinancing package to further support its operations in Tanzania

Ma’aden concludes share offering

The Saudi Arabian Mining Company concluded it share offering on 11 December 2014, following the conclusion of the sale of 14,692,605 shares to institutional investors

Polymetal signs Kazak gold mine financing

Polymetal has signed an $80 million five-year non-revolving committed credit facility agreement with Eurasian Development Bank (EDB) to finance the development of the Kyzyl gold project in Kazakhstan

Vale sells Moatize coal stake to Mitsui

Brazilian miner Vale has agreed to sell a stake in the Moatize coal mine development in Mozambique to Japanese trading house Mitsui for $763 million