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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

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

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