PROJECT FINANCE

Nebari loans Metro funds for bauxite expansion completion

BAUXITE producer Metro Mining is loaning US$30 million from US-based resource project financier Nebari to complete the expansion of its Bauxite Hills project in Far North Queensland to seven million tonnes per annum.

Metro has locked in more debt for more dirt

Metro has locked in more debt for more dirt

The funding has an interest rate of SOFR (subject to a minimum of 3%) plus a margin of 9%, payable monthly, with Metro having the option to capitalise the first six months of interest payments. The...

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