https://www.miningweekly.com

Capricorn Copper finds funding for project refurb

17th July 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Privately held Capricorn Copper has secured a A$45-million senior facility agreement with BNP Paribas to fund the refurbishment and restart of its namesake mine, in Queensland.

The senior facility agreement includes A$40-million for project development, commissioning and ramp-up, as well as a A$5-million revolving capital facility once the mine has become operational.

The Capricorn copper mine was acquired from ASX-listed Aditya Birla in 2015, and is considered one of Australia’s largest copper development projects.

Capricorn Copper in November approved a A$110-million capital programme to restart and refurbish the project, following the completion of a detailed feasibility study. The mine is expected to produce some 30 000 t/y of copper in a high-grade concentrate, over an initial mine life of ten years.

Edited by Creamer Media Reporter

Comments

Latest News

PGMs and green hydrogen make headlines
PGMs and green hydrogen make headlines
19th April 2024

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.053 0.088s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: