RARE EARTHS
London-listed rare earths project developer Pensana, through its 84%-owned subsidiary Ozango Minerais, which owns 100% of the Longonjo project, in Angola, has concluded a nonbinding term sheet with the Longonjo lender consortium for a project finance debt facility of up to $156-million.. The facility is aimed at providing limited recourse senior secured project finance to fund the Longonjo mine, flotation circuit and refinery.
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