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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

SMBC appoints new LatAm project finance head

Sumitomo Mitsui Banking Corporation (SMBC) has appointed Luis Fernando Perdigon, the bank's chief representative in Colombia, as head of project finance for Latin America

Kefi in financing talks for Tulu Kapi gold

Potential financiers for the Tulu Kapi gold project in Ethiopia are reviewing its definitive feasibility study, which developer Kefi Minerals recently completed

Adani halts work at Carmichael mine

India’s Adani group has asked its engineering contractors to cease working on the Carmichael coal project in Australia fueling rumours it will scrap the project altogether

Rio Tinto shelves Australian uranium mine

Rio Tinto subsidiary Energy Resources of Australia (ERA) has decided to shelve a uranium mining project in the Northern Territory of Australia

Heron Resources mandates Azure on Woodlawn zinc

Heron Resources Heron Resources has mandated Azure Capital as financial adviser for its planned Woodlawn zinc-copper project in New South Wales, Australia appointed Azure Capital to be the financial adviser for its planned Woodlawn zinc-copper project in New South Wales, Australia

Minera IRL turns to Cofide on Ollachea gold

Peruvian mine developer Minera IRL has agreed a $70 million bridge financing for its Ollachea gold project with Peruvian development bank Corporación Financiera de Desarrollo

Romarco closes on Haile gold

Romarco Minerals has closed and made a request for a first draw on the debt financing for the $455 million Haile gold mine in South Carolina

Crédit Agricole to stop coal mine financing

Crédit Agricole’s outgoing chief executive officer, Jean-Paul Chifflet, said on 20 May that the bank will no longer provide financing for coal mining projects or coal mining companie

AFISCO scraps Afghan steel

The Afghan Iron and Steel Consortium (AFISCO) has scrapped a $10.8 billion steel, power and mining project in Afghanistan over technical, economic and security concerns.

Kenya picks Chinese developer for Mui coal blocks

The government of Kenya has selected China-based developer HCIG Energy Investment and local mining company Liketh Investments to mine blocks A and B of the Mui basin

Blackham Resources lines up Orion on Matilda gold

Blackham Resources has agreed a A$38.5 million ($30 million) financing and offtake package with Orion Mine Finance for its Matilda gold project in Western Australia

Norilsk Nickel turns to VTB on Chita copper

Russian metals producer Norilsk Nickel has turned to VTB Bank for bridge funding for its $1.5 billion Chita copper project in Siberia

Rio Tinto settles Oyu Tolgoi mine dispute

Rio Tinto and the Mongolian government have resolved a dispute allowing both parties to carry on the proposed development of the Oyu Tolgoi mine

EPM lines up Sevier Playa potash equity

Canadian developer EPM Mining Ventures has agreed a C$85 million ($71 million) equity investment from specialist mine finance fund EMR Capital