Black Rock Mining ASX.BKT
- Black Rock signs Agreement with
- The Development Bank of Southern Africa (DBSA);
- The Industrial Development Corporation of South Africa (IDC); and
- Tanzanian lender CRDB Bank (CRDB).
- The Agreement provides US$179m in loan and bank guarantee facilities to fund the development of the Mahenge Graphite Project, comprising:
- US$113m Construction Term Loan;
- US$20m Revolving Credit Facility (working capital);
- US$20m Cost Overrun Facility; and
- US$26m Bank Guarantee Facility (rehabilitation bonding).
- These facilities are in addition to the US$50m being provided by POSCO, comprising the recently approved US$40m equity investment in Black Rock and the US$10m prepayment facility
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/Public Release.
