Northland Appoints Banks for Project Financing

Northland Resources S.A. announce that the Company has appointed and retained leading global mining finance and investment banks – Societe Generale, UniCredit Bank AG and WestLB AG as exclusive Mandated Lead Arrangers in the proposed project financing of the Kaunisvaara Iron Concentrate Project. The Facility will be subject to each Mandated Lead Arranger securing its internal credit approvals,... 

Tag: unicredit mining, banks the finance mining, northland mining, banks financing iron ore mine

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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Constellation Copper files an assignment in bankruptcy under the Bankruptcy and Insolvency Act

Constellation Copper Corporation announced that it has filed an assignment in bankruptcy under the Bankruptcy and Insolvency Act (Canada). The Lisbon Valley mine was originally financed with a $30.0 million collateralized loan package from Investec Bank (UK) Limited and a $3.0 million subordinated loan from Sempra Metals & Concentrates Corp.. The Investec financing facility was amended in February... 

Tag: mining companies in canada bankruptcy, constellation copper debentures, terrazas constellation copper chihuahua, constellation copper canada, bankruptcy lisbon valley

Precision Drilling Trust Provides Update on Acquisition Credit Facilities

Precision Drilling Trust announced the expected principal terms of the credit facilities with its banking syndicate, consisting of Royal Bank of Canada, RBC Capital Markets, Deutsche Bank AG Cayman Islands Branch, Deutsche Bank Securities Inc., HSBC Bank Canada, HSBC Bank USA, National Association and The Toronto-Dominion Bank. In conjunction with the proposed acquisition of Grey Wolf, Inc., and as... 

Mercator Minerals Commences Producing Copper-Moly Concentrates at Its Mineral Park Mine

Mercator Minerals Ltd. announce that its new 25,000 ton per day mill has started producing copper and molybdenum concentrates at its Mineral Park Mine in Arizona, less than two years from completion of its December 29, 2006 Technical Report. “In less than two years from completion of pre feasibility, Mercator has financed, engineered, procured equipment, and constructed one of the largest and... 

Stingray Receives Acid Plant Cost Estimates for Feasibility Study at El Pilar Copper Project, Mexico

Peter Mordaunt, Chairman and CEO of Stingray Copper Inc. reports that the Corporation has received independent cost estimate proposals for the construction of a commercial acid plant capable of producing sulfuric acid, a necessary operating requirement at the El Pilar oxide copper project located in Sonora, Mexico. In the metallurgical process being studied for the El Pilar project, sulfuric acid is... 

Tag: steady for sulphuric acid project, h2so4 cost estimate, cost analysis for sxew plants, sulfuric acid power production, sulphuric acid plant cost estimate

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC). The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of the senior debt consisting of a $200 million... 

BPZ Energy Announces Senior Debt Funding of $15 Million from IFC

BPZ Resources, Inc. announced it has received funding of the $15 million tranche of senior debt with the International Finance Corporation (IFC). The IFC $15 million facility is the first tranche of two credit facilities totaling $215 million. As previously announced, Natixis, a French bank, has received credit committee approval to lead the second tranche of the senior debt consisting of a $200 million... 

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Golden Band Resources: EIS submitted for La Ronge Gold Project

Golden Band Resources Inc. announced that it has submitted the Environmental Impact Statement (EIS) for its La Ronge Gold Project in northern Saskatchewan. With this milestone, Golden Band is another step closer on its stated path to achieving gold production. It is expected by the Company that the provincial Environmental Assessment process will be completed by spring 2009 which will allow for the... 

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GE Oil & Gas’ PII Pipeline Solutions Expands Staff and Engineering Services in Calgary for Canadian Operators

GE Oil & Gas has expanded its PII Pipeline Solutions technical staff and engineering analysis services in Calgary on behalf of Canadian pipeline operators. GE increased its pipeline data analysis department by 17 people in 2008 and its integrity engineering department to nine, full-time desk engineers, including a data software engineer to enable the newly enhanced levels of pipeline support services...