Ivanhoe Mines Secures $700 Million Project Finance Facility for Platreef Phase 2 Expansion
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Ivanhoe Mines Ltd. has secured a $700 million project finance facility for the Phase 2 expansion of its Platreef project, with credit approvals from Societe Generale, Absa Bank Limited, and Nedbank Limited. This new financing will amend the existing Phase 1 debt facility, providing an additional $600 million. The signing of the Phase 2 finance facilities is expected soon, and future expansions will be funded by cash flow from operations.
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