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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

Wolf Minerals to make first draw on Hemerdon tungsten

Wolf Minerals has satisfied the conditions precedent to making a first draw on the £75 million ($122 million) debt financing for its Hemerdon tungsten project in south-western England

Rio Tinto settles Oyu Tolgoi mine tax dispute

Sponsor Rio Tinto has settled a tax dispute with the Mongolian government over the planned second phase of the $6.5 billion Oyu Tolgoi copper mine in Mongolia, the country’s vice-minister of mining, Oyun Erdenebulgan has said

Nepal seeks EOIs for fertilizer project study

The Investment Board of Nepal (IBN) is requesting expressions of interest (EOI) from international firms to undertake a feasibility study for a proposed Ammonia-Urea chemical fertilizer plant in Nepal

Pershimco promotes as Cerro Quema gold advances

Pershimco Resources has named Pierre Monet vice-president, finance, as it works to bring its Cerro Quema project in Panama to construction

Fresnillo to buy out Newmont on Penmont gold JV

Mexican precious metals miner Fresnillo will pay $450 million to buy out the remaining 44% of the Penmont joint venture it does not already own

EuroChem signs on Russian potash project

Russian fertiliser producer EuroChem has signed a $750 million project financing for its $3 billion Usolskiy potash project in Perm, Russia

Iron ore miner Western Desert enters administration

Australian iron ore miner Western Desert Resources has entered voluntary administration after Macquarie declined to provide it with short-term working capital while it worked to restructure its project finance debt

AusAmerican acquires Congo copper projects

Mining company AusAmerican has agreed an acquisition of 77.58% of Shenglong International Investment Limited, a project company which owns and operates copper and mineral mines in the Democratic Republic of Congo (DRC) for $103 million

Africa Energy gets approval for Sese coal-fired

Australian-listed developer Africa Energy has had its environmental impact assessment for a coal mine and associated 300MW power plant at Sese approved by the government of Botswana

Polymetal completes Kyzyl gold acquisition

Russia’s Polymetal has completed the acquisition of Altynalmas Gold, the holding company for the Kyzyl gold project in Kazakhstan

Guyana Goldfields signs on Aurora

Guyana Goldfields has signed the $185 million project financing for its Aurora gold mine in Guyana

Kefi takes full control of Tulu Kapi gold

Kefi Minerals has gained final approval for the acquisition of Nyota Minerals’ remaining 25% stake in the Tulu Kapi gold project in Ethiopia, and will now own 100% of the mine

Polymetal shareholders approve Kyzyl gold acquisition

Russian Polymetal International’s shareholders have approved the planned acquisition of Altynalmas Gold, the holding company for Kyzyl gold project in Kazakhstan

Rio Tinto reviews Bougainville Copper mine stake

New mining laws in Papua New Guinea (PNG) have led Rio Tinto to review its ownership in the long dormant Bougainville Copper mine at Panguna, Bougainville

Proposed Philippine mining law causes sponsor concern

Copper and gold exploration company Bezant has said that a proposed change to the mining tax laws in the Philippines is affecting the sale of its Mankayan Project, copper and gold mine in Mankayan district, Philippines