05
Jul
15:41
COPPER: Nevada Copper working to finalise $70m loan
Struggling Nevada Copper says it has tentatively arranged a $70 million loan with its senior lender, KfW IPEX-Bank, and its largest shareholder, Pala Investments, Kallanish reports.
The loan, if finalised, would be a new tranche extension to the existing senior credit facility with KfW. The lenders would advance $50m, including $20m previously approved by Pala. An additional $20m would be available for a future draw by the company on an uncommitted basis.
The co…
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Very good overview of the weekly steel market.
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