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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

Fortescue Metals refinances debt

Fortescue Metals has completed a $2.3 billion refinancing of its existing debt, taking advantage of a slight improvement in sentiment towards the iron ore industry in recent weeks

General Moly turns to AMER for Mt Hope

General Moly has signed an investment and financing agreement with Chinese metals producer AMER International for its $1.3 billion Mt Hope molybdenum project in Nevada

Kibo signs with Sepco III for Rukwa coal-fired

Kibo Mining has signed a joint development agreement with Chinese construction and engineering company Shangdong Electric Power Corporation III (Sepco III) for its Rukwa coal-fired mine-mouth power plant in Tanzania

SG banker to relocate to HK

Quentin Slight, until recently based in Paris with Credit Agricole’s power & utilities team for the EMEA region, is transferring to the bank’s Hong Kong office

JSW borrows to expand Indian steel plant

Indian firm JSW Steel drew down $250 million on March 31 from its existing $351 million credit line with Axis Bank to expand its steel plant in Maharashtra in India

KPC signs Kazak potash EPC

Kazakhstan Potash Corportation (KPC) has signed the engineering, procurement and construction (EPC) contract for the Zhilyanskoye Potash Project in Kazakhstan with China’s CITIC Construction (CITICC).

Rio Tinto makes best and final offer for Oyu Tolgoi

Rio Tinto’s chief executive Sam Walsh has stated that the proposals made by November last year to the Mongolian government regarding the issues surrounding the Oyu Tolgoi mine represented the company’s “best and final offer”

Thor Mining mandates advisers on Molyhill tungsten

UK-listed Thor Mining has mandated Grant Thornton as financial adviser on the development of the Molyhill tungsten project in Australia’s Northern Territory

Fortescue scraps refinancing

Australian mining company Fortescue Metals has deferred its attempts to refinancing $2.5 billion of debt citing “unfavourable debt markets”

State Bank of India may cancel Adani loan

The State Bank of India (SBI) is reportedly considering rejecting a $1 billion loan to India's Adani Group for its planned $15.5 billion Carmichael mine and rail project in Western Queensland, Australia

Endeavour Mining rolls over revolver

Endeavour Mining has extended the maturity on its $350 million corporate revolving credit facility and eliminated scheduled repayments on the debt in the next two years

Luna Gold lenders agree forbearance

Luna Gold has signed a forbearance agreement on its $30 million corporate revolving credit with a group of lenders led by Société Générale and Mizuho

Fortescue Metals refinancing nears

Fotescue Metals is seeking to refinance $2.5 billion of debt in the US market by the end of the month, but has reportedly faced some investor disquiet about the terms on offer

Paul Hastings hires three LatAm partners from A&O

Paul Hastings has hired three senior Latin America project finance attorneys from Allen & Overy (A&O) - Robert Kartheiser, Cahtleen McLaughlin and Bruno Soares

NioCorp wins German UFK approval for Elk Creek

Canadian-listed mine developer NioCorp said it had received in-principle eligibility approval from the German federal government for a loan guarantee for its Elk Creek niobium project in Nebraska

Euromax amends and closes on Royal Gold stream

Balkan mining developer Euromax Resources has amended and closed on a streaming agreement with Royal Gold for the Ilovitza copper-gold project in the Republic of Macedonia