Ivanhoe Mines has announced that Kamoa Holding Ltd, the joint-venture holding company of the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC), has secured an equipment financing facility of up to €176 million (US$211 million), together with a US$9 million down-payment facility. The two facilities will be used by the project to purchase underground mobile mining equipment and services from leading Sandvik AB, Epiroc AB and Normet Oy.
Miner Jean Yav checking on one of Kamoa-Kakula’s Epiroc semi-autonomous, double-boom drilling rigs from Sweden, operating in the Kakula Mine
In addition, Gold Mountains (H.K.) International Mining Company, a subsidiary of Zijin Mining Group, has provided Kamoa Holding with a limited recourse line of credit of US$200 million secured by the project's...
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