Latham Steers Financing For $10B Aussie Iron Ore Project

Law360, New York (March 21, 2014, 5:52 PM EDT) -- Roy Hill Holdings Pty. Ltd. said Thursday that it obtained a $7.2 billion debt package from an international consortium to complete funding for a massive $10 billion Australian Outback iron ore project, an amount the Australian mining giant touted as the largest ever for a land-based mining project. 

The project, which consists of the development of a high-grade iron ore deposit in the Pilbara region of Western Australia as well the construction of supporting port and rail infrastructure, is expected to produce 55 million tons of...
To view the full article, register now.