Irish mining group Kenmare Resources has negotiated new debt facilities, which will help support the growth of the business. Irish mining group Kenmare Resources has negotiated new debt facilities, which will help support the growth of the business. The Mozambique-focused company has signed debt facilities with Absa, The Emerging Africa Infrastructure Fund, Nedbank, Rand Merchant Bank and Standard Bank Group. The new debt facilities comprise a $110m (€99m) term loan facility and a $40m (€36m) revolving credit facility. The new debt facilities also provide for a future mine closure guarantee facility of up to $40m, sharing in security.

Source: Irish Independent December 11, 2019 07:18 UTC