trending Market Intelligence /marketintelligence/en/news-insights/trending/0AU8ocgcGSk9FxU76As9pA2 content esgSubNav
In This List

New Century secures US$45M debt facility to fund Queensland zinc mine restart

Blog

Battery Metals Trends

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound

Blog

Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns

Blog

Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar


New Century secures US$45M debt facility to fund Queensland zinc mine restart

New Century Resources Ltd. secured a US$45 million debt facility with resources fund Sprott Resource Lending, with the proceeds earmarked to fund the restart of the company's Century zinc mine in Queensland, Australia.

The facility comes with 10% interest per annum on a three-year fixed term, according to an Oct. 11 release.

Mine development is expected to start immediately upon the completion of the financing, expected in late November, with first production from the mine targeted for 2018. Meanwhile, the company noted that the restart of the feasibility study also remains on track and is targeted for completion in November.