MINING FINANCE
Phosphate producer Avenira has secured an A$8.8-million finance facility to assist with the final stages of commissioning and ramping up its Baobab project, in Senegal. The finance facility consists of a A$4.4-million working capital facility with an interest rate of 6.75% and a term of five years, and access to an additional A$4.4-million trade facility for the financing of export receivables, if required.
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