trending Market Intelligence /marketintelligence/en/news-insights/trending/x_7ObMvItcEiP_qfNl4SzQ2 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

TVI Pacific subsidiary secures US$28.5M loan for Balabag gold project

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020

Mining Exploration Insights - April 2020


TVI Pacific subsidiary secures US$28.5M loan for Balabag gold project

TVI Pacific Inc.'s 30.66%-owned TVI Resource Development Philippines Inc. subsidiary closed a US$28.5 million omnibus loan and surety agreement with China Banking Corp. for the Balabag gold-silver project in the Philippines.

The five-year loan has a fixed interest rate per annum based on the sum of the five-year rate on U.S. dollar-denominated bonds issued by the Philippine government, plus a spread of 275 basis points.

The loan is repayable in 15 equal quarterly installments starting at the end of the sixth quarter from the initial drawdown date.

TVI Pacific said Oct. 22 that the loan will be secured by project-related agreements, insurance contract rights and a debt service reserve and payment accounts.

The company, which secured approval in 2016 to develop the 2,000 tonne-per-day project, estimated project capital expenditure totaling US$48.9 million, with the difference expected to be funded by cash generated by TVI Resource Development and Balabag.