trending Market Intelligence /marketintelligence/en/news-insights/trending/KVL0JrWsXz2FvKiB1VzCzw2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Bushveld extends Vametco financing repayment until June 30


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021


Q&A: Data That Delivers - Automating the Credit Risk Workflow


Mining M&A in 2020 — Deal activity bounces back in H2 after disrupted H1

Bushveld extends Vametco financing repayment until June 30

Bushveld Minerals Ltd. said June 6 that it agreed with Barak Fund SPC Ltd. to restructure the US$11 million bridge loan facility that it secured in late March to acquire Evraz Group SA's 78.8% stake in Strategic Minerals Corp. NL for US$16.5 million.

Strategic Minerals owns the Vametco vanadium mine and plant in South Africa.

Under the new terms, repayment of all outstanding principal, interest and fees have been extended to June 30.

A total US$10 million has been repaid. The outstanding US$1.0 million, plus fees and interest, will be payable by end of this month.