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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

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

Focus Graphite receives Caterpillar letter on Lac Knife

Canadian listed developer Focus Graphite says it has received a letter of interest from Caterpillar Financial in the financing for its $166 million Lac Knife graphite mine project in Quebec

Heidelberg approaches IFC on Guinea-Bissau cement

Scancem and Maxime Cardoz have approached the International Finance Corporation (IFC) for debt funding for the construction of a cement grinding mill in Guinea-Bissau

Sirius signs on Nova Nickel

Sirius Resources has appointed Watpac as contractor for the company’s A$473 million Nova Nickel project in Australia

Roxgold loses Credit Suisse from Yaramoko

Credit Suisse decided not to extend a $37.5 million debt financing commitment to Roxgold’s Yaramoko gold project in Burkina Faso when it expired on 25 December

Base raises shareholder loan for Kwale mineral sands

Base Resources has raised an additional $20 million in debt from major shareholder Taurus Funds Management to support the Kwale minerals sands project in Kenya

Minera IRL targets early 2015 close on Ollachea gold

Latin American gold mining company Minera IRL said today (23 December 2014) it aims to close project financing on its Ollachea gold mining project by the first quarter of 2015

Kazakhstan Potash signs funding and EPC agreement

Australian-listed Kazakhstan Potash Corporation has signed a framework cooperation agreement with a potential lender, a potential contractor, and the host government for its potash mining projects in Kazakhstan

Shanta Gold signs refinancing with Investec

East African-focused gold mining company Shanta Gold has signed on a $40 million refinancing package to further support its operations in Tanzania

Ma’aden concludes share offering

The Saudi Arabian Mining Company concluded it share offering on 11 December 2014, following the conclusion of the sale of 14,692,605 shares to institutional investors

Polymetal signs Kazak gold mine financing

Polymetal has signed an $80 million five-year non-revolving committed credit facility agreement with Eurasian Development Bank (EDB) to finance the development of the Kyzyl gold project in Kazakhstan

Vale sells Moatize coal stake to Mitsui

Brazilian miner Vale has agreed to sell a stake in the Moatize coal mine development in Mozambique to Japanese trading house Mitsui for $763 million

SG drops out of Australia’s Alpha Coal

Societe Generale has withdrawn from its role as financial advisor for the $10 billion ($8.3 billion) Alpha Coal project in Australia

Ma’aden closes second share subscription period

Saudi Arabian Mining Company (Ma’aden) has closed on the second subscription period of its SR5.6 billion ($1.5 billion) rights issue, with the two offer periods attracting a take-up of 93.97%

Anglo American director to lead South Africa’s BUSA

Mining company Anglo American has announced today (5 December 2014) that its executive director Khanyisile Kweyama has been selected as the new CEO of industry body Business Unity South Africa (BUSA)

Aspire to sign Mongolian coal railway agreement in H1 2015

Australian listed Aspire Mining expects to sign the concession agreement for its planned 547km $1.3 billion Erdenet to Ovoot coking coal railway in Mongolia in the first half of 2015, IJGlobal has learnt

JSW delays $5.6bn Indian steel plant

India’s JSW Steel has delayed plans to build a $5.6 billion steel plant in West Bengal, India, due to concerns over the supply of coal

SBI loan to Adani’s Carmichael coal project under question

An opposition MP in India has criticised the State Bank of India’s (SBI) intention to loan Adani $1 billion towards its proposed $15.5 billion Carmichael mine and rail project in Western Queensland, Australia