MARKETS

Paringa secures US$20M debt facility

MACQUARIE BANK has jumped aboard the Paringa Resources train, providing it with a committed letter of offer to provide a fully underwritten five-year US$20 million Project Loan Facility to develop Paringa’s Poplar Grove coal mine in Kentucky, US.

Lou Caruana
Paringa secures US$20M debt facility

Macquarie will also provide a $1.7 million letter of credit facility to allow Paringa to collateralise environmental and other bonding obligations required for the construction and operation of the Poplar...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions