trending Market Intelligence /marketintelligence/en/news-insights/trending/uHgJHUAwuP2yik-HV_Zi2g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

China Nonferrous secures US$120M loan from shareholder for debt refinancing

Greenhouse gas and gold mines Nearly 1 ton of CO2 emitted per ounce of gold produced in 2019

Essential Metals & Mining Insights - September 2020

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020


China Nonferrous secures US$120M loan from shareholder for debt refinancing

China NonferrousGold Ltd. said May 6 that it secured a US$120 million loan from its38.36% shareholder, China NonferrousMetals International Mining Co. Ltd., to refinance a previousloan and thus lower the cost of servicing the debt.

The funds will be used to refinance the loan facility with Industrialand Commercial Bank of China (Macau) Ltd., under which the company has drawn US$115million to date, and for working capital.

The loan is repayable Dec. 31, 2018, and includes an annual fixedinterest rate of 4% on the amount drawn down, payable half yearly in arrears.

The loan will be secured over the company's 100% equity interestin Kryso Resources Ltd.,which indirectly holds the Pakrutgold project in Tajikistan, where first gold was poured in early January.