PROJECT FINANCE

'Mates' rates' sees Nickel Mines dump Sprott

INDONESIA nickel producer Nickel Mines has canned a funding package offered by Sprott in favour of a US$80 million facility from Chinese firm Decent Investment International, an associate of the company's operating partner in Central Sulawesi, Shanghai Decent Investment.

 Shipping infrastructure at Morowali

Shipping infrastructure at Morowali

The new facility features a lower interest rate than was on offer from Sprott, as well as no upfront fees, and no equity warrants. Nicely dubbing the new funding as representing "mate's rates", brokerage...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.