MBAC Fertilizer is pleased to announce the Company has received a commitment for an additional US$25 million in syndicated project financing from the IFC through its syndicated B Loan program, bringing the aggregate IFC project financing facility to US$65 million. The syndicate bank, WestLB AG has agreed to provide the additional funds through the [...]
MBAC Fertilizer is very pleased to report a National Instrument 43-101 compliant independent inferred mineral resource estimate for the rare earths oxides at the Company's 100% owned Araxá Rare Earth Oxide -Niobium-Phosphate Project located in the western part of Minas Gerais State. The inferred mineral resource estimate is based on 35 diamond [...]
MBAC Fertilizer is pleased to announce that it has received the first disbursement in the amount of R$50,130,573 under the previously announced project financing facility provided by Itaú BBA, S.A./BNDES. The Itaú BBA/BNDES Facility, together with R$11.5 million of financing advanced under a machinery and equipment line of credit facility [...]
MBAC Fertilizer is very pleased to announce that further to the Company's announcement on October 14, 2011, it has executed the US$ 40 million loan agreement with IFC, a member of the World Bank Group. The proceeds from the IFC loan will be used by MBAC for the development of the Itafós Arraias SSP Project. Disbursement of funds under the loan [...]
MBAC Fertilizer is very pleased to announce that it has executed the loan agreement and other transaction documents in connection with the R$193.5 million project financing on-lending facility provided by Itaú BBA S.A. with BNDES funds in connection with the Itafós Arraias SSP Project. The Itaú BBA/BNDES Facility together with R$11.5 million of [...]
MBAC Fertilizer is very pleased to announce that it has received BNDES Board of Directors approval in respect of a project financing facility for the Itafós-Arraias SSP Project which will be provided on an on-lending basis by Itaú BBA S.A with BNDES funds. The Itaú BBA/BNDES Facility is comprised of a line of credit in the amount of approximately [...]
MBAC Fertilizer is pleased to announce that, further to its press release of September 12, 2011 announcing the results of an initial Preliminary Economic Assessment and Mineral Resource Estimate for the Santana Phosphate Project, the Company has filed a National Instrument 43-101 Technical Report containing the PEA and Mineral Resource Estimate. A [...]