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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

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

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