July 2007

Gunson Resources secures offtake with CTIEC 24 July 2007

Australian miner Gunson Resources has entered into an offtake agreement for its Coburn Zircon Project in Western Australia, with China Triumph International Engineering Co. Ltd. (CTIEC).

Fortescue finances Pilbara expansion with share issue 19 July 2007

Fortescue Metals has raised A$504 million ($441 million) through a share issue to equity finance expansion of its Pilbara iron ore project from 45 million tonnes per year (tpy) to 55 million tpy.

Rio Tinto's Alcan acquisition debt nears subs 17 July 2007

Anglo-Australian mining major Rio Tinto plans to launch sub-underwriting of its $40 billion Alcan acquisition facility by the end of July.

Sempra and RBS in commodities JV 10 July 2007

Sempra Energy has signed an agreement with RBS for the bank to help fund and support its trading operations

Zhuhai closes pellet financing 09 July 2007

ANZ has closed a project finance facility for an iron or pellet project in Zhuhai, China

Norilsk facility syndicates 04 July 2007

Lead arrangers BNP Paribas and SG have signed banks into the $6 billion facility for Norilsk Nickel - the biggest loan for Norilsk to date and a deal that backs its $6.4 billion acquisition of 90% of Canadian miner LionOre.

Powerfuel finances UK coal refurbishment 03 July 2007

Powerfuel has closed a £50 million ($100 million) project finance loan to fund the reopening of the Hatfield mine