Tag Archives: Debt Financing

Danakali ‘Shovel-ready’ at Colluli following Execution of US$200m Debt Finance Mandate

‘We are shovel-ready … so as soon as we secure the full funding, we will start construction, and production will be in 2021’

BY PROACTIVE INVESTORS

Danakali Ltd (ASX:DNK) (LON:DNK) executive chairman Seamus Cornelius updates Proactive Investors on the potash developer’s recent execution of a mandate to provide fully underwritten debt finance facilities of US$200M to fund and construct its Colluli Potash Project in Eritrea. Continue reading Danakali ‘Shovel-ready’ at Colluli following Execution of US$200m Debt Finance Mandate

Danakali Appoints Financial Advisor for Colluli Funding Options

Endeavour Financial is the one that advised Nevsun on the financing of the US$350 million Bisha project. Sunridge Gold also engaged Endeavour on an exclusive basis for financial advisory services with respect to its debt financing requirements for the development of the Asmara Project. Therefore, its logical for Danakali Ltd. to engage with a company that have an extensive experience on Eritrean projects

By Proactive Investors,

DANAKALI Limited (ASX:DNK) has appointed independent mining finance advisory team Endeavour Financial to assist in the evaluation of funding options for its globally significant Colluli Potash Project in Eritrea.

Colluli has an ore reserve of 1.1 billion tonnes at 10% K2O equivalent and will be developed through a phased approach.

Construction of Phase I processing plant, with an expected capacity of 425,000tpa Sulphate of Potash (“SOP”), could commence in 2016 with production following in 2018.  Continue reading Danakali Appoints Financial Advisor for Colluli Funding Options

Eric Coffin’s Exclusive Interview with Michael Hopley

EDITOR’S NOTE: This is a must read interview for those who want to have an A – Z knowledge of Sunridge Gold Corp. and its Asmara mining project in Eritrea.

With a second operating mine currently under construction in Zara, Sunridge is poised to unveil the third operating world class mine on the largest deposit in the country – the Asmara Project – by the end of this year

By Eric Coffin,

I don’t need to tell you how rough the last two or three years have been for companies in the mining space. Only a handful managed to significantly advance their projects during that period. One such company is Sunridge Gold, which has brought its marquee Asmara Project to full Bankable Feasibility status. Sunridge recently negotiated the sale of a contributing 30% interest in Asmara to the Eritrean state mining company ENAMCO. I take this agreement as the “starting gun” in the race by potential suitors and financiers who want a piece of this long-life base metal asset with a precious metal kicker.  Continue reading Eric Coffin’s Exclusive Interview with Michael Hopley

Sunridge’s Path to Production Shines as Investors Interest Grow

Sunridge has fewer steps in its path to bring its four deposits into production

By Proactive Investors,

Sunridge Gold (CVE:SGC) is surging ahead with its Asmara project in Eritrea, getting close to securing a debt financing to put its flagship property into production, according to CEO Michael Hopley, who spoke to Proactive Investors in an interview last week.

In June, the company initiated a due diligence review — the step in advance of signing the financing agreement, when potential investors examine the project in detail before deciding to fund work on the property – that is being conducted by Micon InternationalContinue reading Sunridge’s Path to Production Shines as Investors Interest Grow

Sunridge Start Debt Financing Due Diligence Review

Sunridge Gold plan to commence production in mid-2015

By BusinessWire,

Sunridge Gold Corp. (sgc:TSX.V/SGCNF) is pleased to announce that the international mining industry consulting company Micon International Limited (“Micon”) has been selected to complete an independent “due diligence” review of the Asmara Project, Eritrea on behalf of the potential financing providers to the project.

Endeavour Financial Limited (Cayman) (“Endeavour”) will lead this process until the lender group is formed. Endeavour provides financial consulting services to Sunridge with respect to debt financing requirements for the Asmara Project and they have unique experience in Eritrea having previously advised Nevsun Resources Limited.  Continue reading Sunridge Start Debt Financing Due Diligence Review