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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

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Societe Generale has withdrawn from its role as financial advisor for the $10 billion ($8.3 billion) Alpha Coal project in Australia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

Hedge fund asks for vote on Yancoal rights offer

Hedge fund Senrigan Capital has asked Australia’s Takeover Panel for Yancoal Australia to hold a vote on its planned A$3.2 billion restructuring

Societe Generale hires in Australia

Societe Generale has hired Deborah Caudle in Syndey as director in its metals & mining group

Leyshon Resources acquires Korean mine

Leyshon Resources has signed a binding heads of agreement to acquire a majority interest in South Korea’s International Tungsten Services, which operates a tungsten project and underground mine

Banks step up on Finsch and Cullinan mine equity

Rand Merchant Bank and Absa have agreed a $98 million loan to the Black Economic Empowerment (BEE) groups to fund their equity interests in the Finisch and Cullinan diamond mines in South Africa.