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Passendro gold project picks up commitments

15 February 2012

Four new lenders have joined Standard Bank on the debt facility for Axmin’s Passendro gold project in the Central African Republic, bringing potential commitments to $185 million. Two further lenders are also expected to commit an additional $75 million in the next two weeks.

Standard Bank was mandated to arrange and underwrite a $330 million financing for the project in 2011. The package comprises a $230 million...

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