Aureus Mining Secures $100M For New Liberty Gold Project

Law360, New York (September 12, 2013, 2:26 PM EDT) -- West African gold explorer Aureus Mining Inc. has secured $100 million in project and subordinated debt financing to develop what will be Liberia's first gold producing mine, the company said Thursday.

Nedbank Ltd. and Rand Merchant Bank will provide Aureus with a project debt finance facility of $88 million, and RMB Resources will provide a $12 million subordinated debt facility in order to support the development of Aureus’ New Liberty Gold mine in the Republic of Liberia.

“Obtaining credit committee approvals for the debt facilities for...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.