Mining Weekly
Highfield secures debt for Muga development
October 24, 2022
ASX-listed Highfield Resources has secured credit approvals from a syndicate of four international finance institutions for up to €320.6-million of senior secured project financing facilities to fund the development of the Muga potash project, in Spain.
The senior facilities will comprise a €300-million senior debt facility to fund the construction and development of the project, and a €20.6-million cost overrun debt facility to be used, if required, in the construction and development of the project.
Previous