MMX murchison metals ltd

post end of year scenario, page-12

  1. hws
    613 Posts.
    Below is basic of agreement covering JH and JHEP

    - Joint Venture agreements executed with Mitsubishi in September 2007;

    - Initial payment of A$150 million for a 50% interest in Crosslands made by Mitsubishi in September 2007;

    - Deferred Payment for Mitsubishi's 50% interest in Crosslands expected in December Quarter 2011, prior to a final investment decision;

    - Mitsubishi to manage arrangement of all debt funding for JHEP and infrastructure projects under Umbrella Financing Agreement ("UFA");

    - Mitsubishi required to provide to Murchison up to A$400 million in contingent equity type facilities under the UFA;


    I will let you do your own research on OPR arrangements.
 
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