27
Feb
14:47
Pensana makes progress on Longonjo project financing
London-listed rare earths miner Pensana has inked a non-binding term sheet with lenders to secure up to $156 million in financing for the Longonjo project, in Angola.
Under the preliminary agreement, the lenders can provide up to 50% of the total loan, Pensana says, without elaborating. The company owns 84% of Ozango Minerais, the wholly-owner of Longonjo.
The debt facility will provide limited recourse, senior secured project finance for the Longonjo mine, flot…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous