Great news - its been a lengthy process - well done to the team.
"BCI’s Managing Director, Alwyn Vorster said: “Securing this landmark $740M project finance debt packagerepresents a key milestone for the Mardie Salt & Potash Project and will underpin the pending considerationof the BCI Board to progress Mardie to a final investment decision (FID). The participation of governmentfunders such as NAIF and EFA, together with the confidence demonstrated by the lead Commercial Banks inthe technical, economic and green credentials of the Project is a strong validation of Mardie’s potential. BCIis now well positioned to achieve FID, raise the required new equity and subject to final approvals, commencemain construction.”
Sentiment change back to 'Buy'.
GLTAH.
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- Ann: $740M Mardie Project Debt Funding Secured
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