trending Market Intelligence /marketintelligence/en/news-insights/trending/OvKBgXMpXCFKGYKQYU2c3Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Paringa secures US$56M facility to advance Poplar Grove, fund existing debt

Mining Insights Newsletter June 2020

Essential Energy Insights - June 11, 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020


Paringa secures US$56M facility to advance Poplar Grove, fund existing debt

Paringa Resources Ltd. secured a US$56 million term loan facility to refinance existing debt, expand development of the Poplar Grove coal mine, part of the Buck Creek Complex in Kentucky, and for working capital.

The facility from Tribeca Global Resources Credit Pty. Ltd. will fully fund the company to start expansion at of its Poplar Grove project to 2.8 million tonnes per annum, it said March 20.

The expansion was previously planned to be funded out of free cash flow.

The three-year senior secured facility will accrue interest at U.S. prime rate plus a 7.50% margin, and Paringa expects to draw upon it by April 30.

Meanwhile, the company's existing lender Macquarie Bank Ltd. committed to provide the final US$6.7 million tranche under its US$20 million facility, subject to full repayment by April 30.