February 2012

First Quantum signs Kansanshi revolver 02 February 2012

First Quantum Minerals has signed a $1 billion revolver for its Kansanshi mine in Zambia

Antam mandates on East Halmahera 02 February 2012

Indonesian mining group Aneka Tambang (Antam) has signed a mandate letter with Bank Mandiri, Bank Rakyat, Standard Chartered and SMBC for a $650 million financing of its East Halmahera ferronickel project.

January 2012

Mindoro Nickel MoU signed 26 January 2012

Intex has signed a memorandum of understanding with MMC8 – a former division of China’s largest nickel producer Jinchuan Group – which will result in the latter having the first right to acquire 90% of the Mindoro Nickel project in the Philippines for $296 million

Royal Nickel mandates adviser on Dumont 20 January 2012

Royal Nickel Corporation has mandated Rothschild as financial adviser on the development of the Dumont nickel mine in Quebec

Ivanhoe to raise new bridge for Oyu Tolgoi 18 January 2012

The board of Ivanhoe Mines is set to vote on an additional bridge loan of $1.8 billion to fund development of the Oyu Tolgoi

BNP wins Emirates Steel advisory mandate 17 January 2012

Emirates Steel Industries has mandated BNP Paribas as financial adviser on a $800 million third phase expansion

Harum Energy refinances 13 January 2012

Indonesian coal miner Harum Energy has raised a $270 million three-year revolving facility on a club basis through mandated lead arrangers ANZ Panin Bank, Bank of Tokyo-Mitsubishi UFJ, DBS, OCBC, and United Overseas Bank.

Esperanza mandates adviser on Cerro Jumil 04 January 2012

Esperanza Resources has mandated Euroscandic as financial adviser on the development of its Cerro Jumil gold project

Moly Mines halts Spinifex Ridge efforts 03 January 2012

Australian-listed Moly Mines has halted the development of the Spinifex Ridge molybdenum-copper project,

Kinross closes on Kupol acquisition debt 03 January 2012

Chukotka Mining and Geological Company (CMGC), a subsidiary of Kinross Gold, has funded on the financing for the acquisition of a 25% stake in the Kupol gold and silver mine

DEAL ANALYSIS: MbAC Itafos 03 January 2012

MbAC’s financing for an integrated mine and production facility drew on elements of both agricultural and mining financing practices.

WestLB buys into MBAC B loan 03 January 2012

WestLB has made a $25 million debt commitment to MBAC Fertilizer's Itafos single super phosphate project