Fortune Minerals engages BNP Paribas to arrange NICO Project debt facility

Fortune Minerals Limited announce that it has retained BNP Paribas to provide advice and financial services in connection with the arrangement of a US$ 200-250 million debt facility to finance the construction, start-up and operation of the Company’s NICO Gold-Cobalt-Bismuth-Copper development in the Northwest Territories. Based in Paris, France, BNP Paribas is a world class financial institution... 

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Golden Gate Capital Announces Acquisition of U.S. Silica

Golden Gate Capital (GGC), a San Francisco-based private equity firm, announced the closing of its acquisition of U.S. Silica Company (USS), the second largest U.S. miner and processor of industrial sand. U.S. Silica, tracing its origins back to 1900, operates 13 industrial sand and other mineral mines and processing plants in the Midwest and Eastern US. “This is a winning transaction for U.S. Silica’s... 

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Plains All American Pipeline, L.P. Announces $525 Million Committed Inventory Credit Facility

Plains All American Pipeline, L.P. announced that it has entered into a new $525 million committed hedged inventory credit facility, maturing in November 2009. Borrowings under the facility will be primarily used to finance the purchase of hedged crude oil inventory for storage activities when market conditions warrant as well as foreign import activities. The new committed facility replaces a $1.2... 

MagMinerals Potash Updates a Group of International Development Banks and Export Credit Agencies and Signs Contracts to Further its Potash Project in the Republic of Congo

MagMinerals Potash Corp, a subsidiary of MagIndustries report that on October 9-10th it engaged in two days of meetings organized by its debt funding financial adviser, BNP Paribas, to update a group of international lenders with respect to its planned Kouilou Potash mining and processing plant (the “Project”) in the Republic of Congo (“ROC”). The ten banks in attendance, all... 

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Infinito Awards Project Financing Mandate to BNP Paribas

Infinito Gold Ltd. announce that it has signed an engagement letter under which it has given BNP Paribas an exclusive mandate to act as lead arranger of a $US 66 million debt financing facility to complete the construction and start-up of Infinito Gold’s 100% owned Crucitas Gold Mine Project located in north central Costa Rica. The financing is subject to BNP Paribas completing its due diligence... 

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Goodrich Petroleum Prices 3,000,000 Share Public Offering

Goodrich Petroleum Corporation announced the pricing of its previously announced offering of 3,000,000 shares of its common stock pursuant to a registration statement filed with the Securities and Exchange Commission. All of the shares offered will be sold at a price to the public of $64.00 per share. Net proceeds from the offering, estimated at $183.9 million, will be used to pay off the outstanding... 

Four banks lead loan for BG’s Origin bid

Four banks are leading a syndicated loan to finance British gas producer BG Group Plc’s $US12.1 billion ($A12.99 billion) bid approach for Australian utility group Origin Energy, banking sources said. BNP Paribas, HSBC, Royal Bank of Scotland and Santander are leading the jumbo acquisition financing, banking sources said. The size of the facility has not been revealed as the bid approach could... 

Brazil’s Vale says Xstrata talks fail

Vale , the world’s largest iron ore miner, said on Tuesday that talks aimed at buying Swiss rival Xstrata had failed and that Vale would look at other potential takeover targets. “Given that an agreement was not reached, discussions between the parties have been discontinued,” Vale said in a statement to the local market regulator. Vale said it reserved the right to make a new offer... 

Goodrich Petroleum Seeks $100 Million Loan

Goodrich Petroleum Corporation announced that it has engaged BNP Paribas (BNPP), the company’s Senior Lending Agent, to syndicate on a best efforts basis up to $100 million under a proposed Senior Second Lien Term Loan Facility. The Term Loan Facility will be subject to a number of terms and conditions. Goodrich Petroleum intends to use the borrowings on the Term Loan Facility to initially pay... 

Nickel Falls on Speculation Demand May Slow; Copper Declines

Nickel fell for a second day in London on speculation rising stockpiles signal slowing usage as producers seek alternatives to the metal in stainless-steel manufacturing. Copper also dropped. Nickel inventories monitored by the London Metal Exchange rose 1,446 metric tons, or 27 percent, to 6,834 tons, the exchange said today in a daily report, the biggest one-day gain since Sept. 11, 2003. ThyssenKrupp...