Black Rock Mining ASX.BKT
- Black Rock signs Agreement with
- The Development Bank of Southern Africa (DBSA);
- The Industrial Development Corporation of South Africa (IDC); and
- Tanzanian lender CRDB Bank (CRDB).
- The Agreement provides US$179m in loan and bank guarantee facilities to fund the development of the Mahenge Graphite Project, comprising:
- US$113m Construction Term Loan;
- US$20m Revolving Credit Facility (working capital);
- US$20m Cost Overrun Facility; and
- US$26m Bank Guarantee Facility (rehabilitation bonding).
- These facilities are in addition to the US$50m being provided by POSCO, comprising the recently approved US$40m equity investment in Black Rock and the US$10m prepayment facility
_____
/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).
