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K92 gets US$100M Trafigura loan

K92 Mining has entered into a loan agreement with Trafigura for a US$100 million senior secured loan at the corporate-level for working capital purposes.

Paul Harris
K92's Kainantu in Papua New Guinea

K92's Kainantu in Papua New Guinea

The loan has a four-year term with a one-year interest-only repayment grace period and no hedging conditions. The company did not disclose the interest rate. K92 expects the first drawdown to occur in...

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