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News Stories (17 Results) - Mining

Endeavour Mining announced that it has refinanced its previous Revolving Credit Facility (RCF) on improved terms and upsized it to $500 million from $350 million, thereby providing significant headroom to fund its growth projects. Sébastien de... Read Story

September 20, 2017, 07:15 AM

Trevali Mining Corporation announced it has completed the acquisition of a portfolio of zinc assets from Glencore PLC, and certain of its subsidiaries, including an 80% interest in the Rosh Pinah mine in Namibia, a 90% interest in the Perkoa mine in... Read Story

September 01, 2017, 07:15 AM

Tahoe Resources Inc. announced that the Company has entered into an Amended and Restated Credit Agreement  with a syndicate of lenders to increase its revolving credit facility from $150 million to $300 million with a $50 million accordion feature... Read Story

July 24, 2017, 08:00 AM

Gordon Brothers announced that the company has acquired the majority of Central Queensland Quarries’ (CQQ) plant and equipment as part of a liquidation managed by FTI Consulting.  Gordon Brothers has also entered into a rental agreement to lease a... Read Story

May 18, 2017, 07:30 AM

Perseus Mining Limited has received a total of $60 million of debt finance to be used to finance its growth strategy.The financing, provided by Macquarie Bank Limited, includes a $40 million project debt facility that will be used to finance the... Read Story

March 13, 2017, 07:19 AM

Essex Capital Group, Inc. announced that the firm recently arranged a $10 million term debt capital raise for Cornerstone Industrial Minerals Corporation, U.S.A., a Lakeview, Oregon, privately held company engaged in the mining, processing and... Read Story

March 08, 2017, 07:00 AM

Victoria Gold Corp. announced that it has appointed BNP Paribas as the sole Mandated Lead Arranger to arrange up to $220 million of senior, secured project debt for Victoria's Eagle Gold Project in Yukon, Canada.Mr. John McConnell, President and CEO... Read Story

January 25, 2017, 07:00 AM

Peabody Energy today announced that as of 5:00 p.m., New York City time, on Dec. 30, 2016, additional eligible holders of approximately 16.6 percent of the outstanding principal amount of the company's senior secured second lien notes and... Read Story

January 03, 2017, 08:00 AM

Lydian International Limited announced that its wholly owned Armenian operating subsidiary has entered into a secured credit facility with Caterpillar Financial Services (UK) ("Cat Financial") for a maximum principal amount of US$42 million ("Cat... Read Story

December 28, 2016, 07:58 AM

It’s no surprise that the global mining industry has endured a difficult few years, and for many mining companies, optimism has been in short supply. Persistently low commodity prices, waning demand and tightening capital and credit markets have been... Read Story

October 19, 2016, 07:23 AM

First Quantum Minerals Ltd. has completed a new term loan and revolving credit facility (the "Facility") with its core relationship banks. This new facility replaces the existing $3 billion facility. The new $1.815 billion facility comprises a $907.5... Read Story

May 31, 2016, 08:01 AM

Compass Minerals has refinanced its existing senior secured credit facilities with a new $400 million senior secured term loan and a $300 million senior secured revolver, which both mature July 1, 2021 and carry an interest rate of LIBOR plus 1.5... Read Story

April 22, 2016, 07:36 AM

Taseko Mines Limited has entered into a US$70 million Senior Secured Credit Facility Agreement (the "Credit Facility") with an affiliate of RK Mine Finance ("Red Kite"), one of the world's largest metal merchants."In addition to repaying the May 2016... Read Story

February 01, 2016, 07:19 AM

U.S. coal producers continue to restructure as challenges in the sector mount, according to Fitch Ratings. The trailing 12-month default rate for the industry was 27.7%, including Hidili Industry International Development Ltd., Alpha Natural... Read Story

November 10, 2015, 07:19 AM

Silver Standard Resources announced the closing of a new $75 million senior secured revolving credit facility. The Canadian Imperial Bank of Commerce acted as the sole lead arranger, sole bookrunner and as administrative agent in connection with the... Read Story

August 05, 2015, 07:08 AM

The PrivateBank announced it has extended an $18.5 million credit facility to Virginia Explosives & Drilling Company, Inc., a provider of contract drilling and blasting solutions for the coal mining and construction industries. The Company was... Read Story

March 04, 2015, 07:36 AM

Nevada Copper Corp. announced the closing of a US$200 million senior secured loan facility (the "Loan Facility") and copper concentrate off-take (the "Concentrate Off-Take") agreement with RK Mine Finance ("Red Kite"). This Loan Facility replaces the... Read Story

December 31, 2014, 07:44 AM