CAPITAL MARKETS

WPG's gets $122M for Peculiar Knob

WPG Resources has mandated Deutsche Bank to provide a $US120 million ($A122 million) funding package for development of its Peculiar Knob DSO iron ore mine southeast of Coober Pedy in South Australia.

MiningNews.Net
WPG's gets $122M for Peculiar Knob

The proposed direct shipping ore facility consists of senior, secured-loan notes of $70 million with detachable warrants and a $50 million senior, secured prepayment of iron ore. The facility is conditional...

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