PROJECT FINANCE

Activox funding secured

LIONORE Mining International has secured the outstanding financing for its $US620 million ($A794 million) Activox plant development at the Tati nickel mine in Botswana, with Rand Merchant Bank being awarded sole underwriter status.

MiningNews.Net
Activox funding secured

Under the terms of the financing facility, RMB will provide a $250 million project funding package at a weighted average interest rate of LIBOR (London Interbank Offered Rate) plus 1%. The remainder...

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