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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

Stornoway Diamond closes on Renard mine

Stornoway Diamond has closed on the C$946 million ($888 million) financing package for its Renard diamond mine in Quebec

Ma'aden signs on Waad Al Shamal phosphate

The Ma'aden Waad Al Shamal Phosphate Company has signed a SR18.9 billion ($5 billion) debt financing with a 20-strong group of commercial, public and export finance lenders

Roxgold mandates banks for Burkina Faso mine

Mining company Roxgold has mandated Societe Generale and Credit Suisse as lead arrangers for the financing for its Yaramoko Gold Project in Burkina Faso

Bond issue pays down Boleo copper project debt

The project company for the troubled Boleo copper-cobalt-zinc mine has paid down its project finance debt with the proceeds of a $340 million bond issue

Lenders force Guyana Goldfields equity issue on Aurora

Guyana Goldfields will have to issue another C$37 million ($33 million) in equity as a condition precedent to drawing on the $185 million debt financing for its Aurora gold project

Gryphon mandates on Banfora gold

Gryphon Minerals has mandated Macquarie to arrange and underwrite a $60 million loan for its Banfora gold project in Burkina Faso

Sundance mandates on Mbalam-Nabeba iron ore

Sundance Resources has named Standard Bank financial adviser and lead arranger on the financing for its Mbalam-Nabeba iron ore project in Cameroon and the Republic of the Congo

Construction delayed for Abu Dhabi's Emal 2

Samsung C&T, engineering, procurement and construction contractor for the second stage of the Emirates Aluminium (Emal 2) development, has missed the deadline for completing work on part of project

Metals Exploration signs on Runruno gold

Metals Exploration has signed an $83 million debt financing with BNP Paribas and HSBC for its Runruno gold project in the Philippines

Rio Tinto signs investment framework for Simandou South

A consortium led by mining giant Rio Tino has signed an investment framework (IF) with the government of Guinea for the $20 billion development of blocks 3 and 4 of the Simandou iron ore deposit

Rio Tinto nears investment plan for Simandou mine

Rio Tinto has announced that it expects to sign an investment framework with the International Finance Corporation (IFC) and Aluminium Corporation of China (Chalco) for the Simandou iron ore mine project in Guinea before the end of May 2014

Norilsk Nickel going local for Chita copper

Norilsk Nickel plans to raise around $1 billion in non-recourse project finance debt from Russian lenders for its Chita project close to Russia's border with China

Jidong signs on South Africa's Mamba Cement

A Jidong Development Group-led consortium has signed a R1.1 billion debt financing for the construction of the Mamba Cement plant in South Africa

People & Places

Recent people moves at; Dorsey & Whitney, Alterra Power, Juhl Energy, Balfour Beatty, EBRD, Hilson Moran, Linklaters, GIP