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June 2012
Lukoil has signed a cooperation agreement with the Arkhangelsk Oblast to exchange fuel oil for the right to develop mineral resources in the region
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Sberbank has agreed to finance a RUB50 billion ($1.51 billion) integrated pipe and steel making project in Chusovoy for United Metallurgical Company (OMK)
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The lenders to the Boleo copper-cobalt-zinc-manganese project in Mexico have signed standstill agreement on the $822 million debt package
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JSW Steel has raised a Eu12 million ($15.2 million) loan from KfW Ipex to fund the purchase of additional steel production equipment for a cold rolling mill project being built in Toranagallu, India.
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Russian aluminium producer Rusal has signed a memorandum of understanding with the Export-Import Bank of China
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Canadian-listed junior Edgwater Exploration has mandated Credit Suisse and Barclays to lead a $120 million financing for its Corcoesto gold project
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WestLB is no longer a member of the lending group for the $170 million project financing for Base Resources' Kwale mineral sands
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Saudi Arabian Mining Company (Ma’aden) is closing a R7 billion ($1.87 billion) five-year corporate revolving credit facility structured as an Islamic-compliant murabaha.
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RMB Resources, part of First Rand, has provided a credit-approved commitment for a $30 million working capital facility to Mawson West
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Australian iron ore producer Fortescue Metals Group has closed on $490 million in European expoirt credit agency debt
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Joint underwriters and MLAs BNP Paribas and Raiffeisen Bank have syndicated a $250 million corporate facility to support Gunvor’s acquisition of a 33.3% stake in US coal miner Signal Peak Energy
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Northland Resources is set to complete construction on its Kaunisvaara iron ore project in northern Sweden in the fourth quarter of this year.
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Baja Mining has approached the lenders on its majority-owned Boleo copper-cobalt-zinc-manganese project for a standstill