CAPITAL MARKETS

First Quantum secures US$120m for Zambian project

CANADA'S First Quantum Minerals has signed a loan facility for a minimum US$120 million with Standard Bank Group and WestLB AG for its Kansanshi copper project in Zambia after what it described as a highly competitive bidding and selection process.

Greg Tubby

First Quantum secures US$120m for Zambian project

The limited recourse loan facility will be structured 50% as a commercial debt facility and 50% as an export credit facility through Export Credit Insurance Corp of South Africa, with the two lending institutions...

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