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Ivanhoe Mines Appoints Two Additional Leading Financial Institutions to Arrange Project Financing
Jul. 19, 2017 08:28AM PST
Base Metals Investing
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 …
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.”