Araguaia Nickel Mine

Araguaia Nickel Mine - EKF/Finnvera Covered Loan

Borrower (s)
Araguaia Nickel Mine
Industry
Metals and Mining/Base metals
Area of finance
Project & Infrastructure Finance
Region
Latin America
Countries
Brazil

Deal Overview

Brazil-focused Horizonte Minerals has signed loan documentation with a syndicate of international financial institutions for a senior secured project finance facility of up to $346.2 million, to fund the construction and development of its Araguaia ferro-nickel project.The Senior Lenders are BNP...

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Brazil-focused Horizonte Minerals has signed loan documentation with a syndicate of international financial institutions for a senior secured project finance facility of up to $346.2 million, to fund the construction and development of its Araguaia ferro-nickel project.

The Senior Lenders are BNP Paribas Securities Corp; ING Capital; Natixis, New York Branch; Société Générale; and Swedish Export Credit Corporation. The ECAs are Denmark's EKF and Finland's Finnvera.


Audrey-->I would leave it aside. Still a project of extraction of minerals and the usual Equator Principles review was applied so that does not make it particularly sustainable .

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Deal Volume
$ 346.2m
Financial Close
15 March 2022

All Dealmakers

Thibaud Huillet

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Romain Renaux

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Philippe Tabouis

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Claire Philippon-Vallee

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Walter Van Den Berg

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Christopher Scrivener

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Guilherme Oettinger Garbi

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Tranches


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Projects

Araguaia Nickel Project

Greenfield
Base metals
Latin America
Brazil
$ 443m