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First Quantum signs financing for Kansanshi mine in Zambia
31 January 2012
Banks fund First Quantum Minerals' Kansanshi copper-gold project in Zambia.
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First Quantum Minerals
copper
gold
Zambia
Mining company First Quantum Minerals has signed a significant financing facility for the further development of its Kansanshi copper-gold project in Zambia.
The financing, signed on 30 January, is a $1 billion senior term and revolving facilities agreement with Kansanshi Mining, the operator of the Kansanshi copper-gold mine.
The five-year facility features flexible drawing provisions and will enable execution of planned capital works at the Kansanshi project. First drawdown is expected during the first quarter of 2012.Mandated lead...
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