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

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

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

Blog

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

Blog

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.