trending Market Intelligence /marketintelligence/en/news-insights/trending/tstochwda1-8y84q6la09g2 content esgSubNav
In This List

Altech secures further US$60M finance for Malaysian alumina plant

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

Path to Net-Zero: How are mining companies tracking?

Blog

The Big Picture for 2023: Will Economies See Relief from Knock-on Effects of Russia-Ukraine Conflict?

Case Study

Quantifying the Mining Sector's Equipment & Service needs for Business Development & Resource Allocation Strategy


Altech secures further US$60M finance for Malaysian alumina plant

Altech Chemicals Ltd. secured a US$60 million stream finance facility for its Johor Bahru high-purity alumina project in Malaysia.

The company said June 15 that it signed an indicative nonbinding term sheet with a U.S.-based global alternative investment group, which will take the total project finance to US$340 million.

The facility will be structured to operate in conjunction with Altech's 10-year off-take sales arrangement with Mitsubishi Australia and for repayment over the life of the project.

The company already holds a US$190 million senior loan from German state-owned KfW IPEX-Bank and an indicative term sheet for a US$90 million mezzanine loan from Global Merchant Bank.