Danakali secures $200m loan for Eritrean mining project
Danakali, an Australian potash company, has raised a $200m credit facility from African lenders. Proceeds of the syndicated facility will go towards funding the planned Colluli potash project in Eritrea.
Colluli Mining Share Company, in which Australia's Danakali and Eritrea's National Mining Corporation each own 50%, has raised a seven year $200m senior secured loan.
The loan was provided by Africa Export Import Bank (Afreximbank) and Africa Finance Corporation (AFC). The two mandated lead arrangers provided $100m each.The loan ...