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04 Jul
11:51

Germany greenlights $115m loan for Arafura

Arafura Rare Earths said Thursday it has secured conditional approval from a German government inter-ministerial committee for up to $115 million in loan guarantees for its Nolans project in Australia’s Northern Territory. Kallanish understands the 10-year untied loan guarantees come from German export credit agency, Euler Hermes, which provided in-principle eligibility for the loan last year. The Australian rare earth miner has since been working with KfW I…
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