Currently viewing Global edition

TNG taps Caterpillar for Mount Peake financing

TNG has signed a memorandum of understanding (MoU) with Caterpillar Financial Australia, a wholly owned subsidiary of Caterpillar, for project finance and/or equipment finance for its Mount Peake vanadium-titanium-iron ore project.

TNG taps Caterpillar for Mount Peake financing TNG taps Caterpillar for Mount Peake financing TNG taps Caterpillar for Mount Peake financing TNG taps Caterpillar for Mount Peake financing TNG taps Caterpillar for Mount Peake financing

Mount Peake ... in concept

The two parties did not give a figure for the financing, although TNG estimates the development will require capital expenditure of A$970 million (US$700 million).

topics

loader