Mining Co. Gets $85M Financing For Tungsten Pit

Law360, New York (December 19, 2011, 7:10 PM EST) -- Specialty metal mining company Wolf Minerals Ltd. has secured £55 million ($85 million) in debt financing from UniCredit Bank AG and two other lenders to develop a major tungsten mine in southwestern England, Wolf announced Monday.

Wolf reached a milestone in its development efforts and landed £55 million in senior debt financing from UniCredit, ING Bank NV and heavy machinery manufacturer Caterpillar Inc.’s financing arm. The funding enables Wolf to move ahead with the so-called Hemerdon project, a mine the company said could make it a...
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