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.

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