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Mineração Vale Verde completes US$140m debt financing for Serrote development
February 4, 2021 GMT
Highlights
US$140m debt financing raised to fully fund the project through to production
Transaction is the largest greenfield mining project finance transaction to have reached completion since the beginning of 2020 and the onset of COVID-19, highlighting the strong underlying fundamentals of the project
Construction is progressing well, on time and in line with budget, now over 90% complete
Project development has been maintained in line with plan in spite of COVID-19, while ensuring the safety of all MVV employees
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