Ivanhoe Mines Appoints Two Additional Leading Financial Institutions to Arrange Project Financing

Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX:IVN)(OTCQX:IVPAF), and Lars-Eric Johansson, President and Chief Executive Officer, announced today that the company has appointed another two leading mine-financing institutions – KfW IPEX-Bank (KfW IPEX-Bank), a German government owned institution, and the Swedish Export Credit Corporation (SEK) – as Initial Mandated Lead Arrangers (IMLAs) to arrange debt financing for the ongoing development of the company’s Platreef platinum-group metals, nickel, copper and gold mine in South Africa.
Friedland commented:

“With KfW IPEX-Bank’s and SEK’s involvement and with the indications of interest received from lenders totalling US$900 million, we have great confidence that we will reach our total debt financing target.
“We are thrilled by the addition of SEK and KfW IPEX-Bank to the IMLA group. SEK and KfW IPEX-Bank bring extensive experience in mining project finance, in particular in export and import finance, and bring with them the potential for significant German and Swedish government backing.”

Click here to read the full text release.