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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

True Gold draws on stream for Karma mine

True Gold has made a first $37 million draw on a $100 million streaming financing for its Karma gold mine in Burkina Faso

Armadale completes acquisition of Mpokoto Gold

Armadale Capital has completed the acquisition of Kisenge Limited, which owns a majority stake in the Mpokoto gold project and the rights to a large number of mining licences in the Democratic Republic of Congo

Kazakhmys picks contractor for Aktogay copper

UK-listed mining and power group Kazakhmys has awarded the contract for the installation of a sulphide concentrator at its Aktogay copper project in Kazakhstan

Oyu Tolgoi feasibility study completed

Sponsor Rio Tinto has completed a feasibility study into the delayed second stage of the Oyu Tolgoi mine in Mongolia

Aspire completes capital raise for Mongolian exploration

Australian listed Aspire Mining has completed a capital raising of approximately $2.2 million to aid a study into reserves at the proposed Nuurstei Coal project in Mongolia

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