Epanko a step closer to financing

Tanzania-focused graphite developer Kibaran Resources has signed a mandate letter with German bank KfW IPEX to explore financing options for the construction of the $77-million Epanko project. “The mandate is a further step forward for Epanko and formally confirms KfW IPEX-Bank’s interest in participating in financing for the project after it received confirmation of the ‘in-principal eligibility for cover’ under the Untied Loan Guarantee (UFK) Scheme early in September,” said Kibaran MD Andrew Spinks.