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25th May 2012
GOLD 1572.90 $/oz
PLATINUM 1431.50 $/oz
R/$ exchange 8.41
R/€ exchange 10.53
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Nevsun arranges $235m debt for Eritrea gold/silver mine
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Address to refer:
http://www.miningweekly.com/article/nevsun-arranges-235m-debt-for-eritrea-goldsilver-mine-2009-07-20
Article Headline:
Nevsun arranges $235m debt for Eritrea gold/silver mine
Abstract:
Canada-based Nevsun Resources has finalised $235-million debt for its Bisha project in Eritrea, completing the funding arrangements to develop the gold/silver/copper/zinc mine. The debt package is a mix of senior and subordinated loans from a lending group consisting of seven lenders from Europe and South Africa. It had also arranged a cost over-run facility of $30-million that would be in addition to a contingency allowance of $32-million.
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