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Gold/Mining/Energy : Mining News of Note -- Ignore unavailable to you. Want to Upgrade?

To: LoneClone who wrote (12748)	1/10/2008 10:31:08 AM
From: LoneClone	Read Replies (1) \| Respond to of 194034

Mirabela mandates lenders for a US$260m financing for the Santa Rita nickel project Wed Jan 9, 11:15 PM ca.news.finance.yahoo.com TSX: MNB, ASX: MBN Ordinary shares outstanding: 126,871,100 PERTH, Western Australia, Jan. 9 /CNW/ - Mirabela Nickel Limited (TSX: MNB, ASX: MBN) is pleased to announce that it has mandated BNP Paribas and Credit Suisse to act as Joint Lead Arrangers of a debt financing facility of up to US$260M for the construction and commissioning of the Santa Rita nickel sulphide project. Due diligence and detailed documentation is now underway. The facility is expected to be ready for drawdown by mid 2008. The financing is expected to provide the remaining funding required for development of the Santa Rita Project, including construction costs and working capital requirements. BNPP and Credit Suisse are leaders in emerging market financing and their teams respectively bring a wealth of experience in mining & metals, financing projects and Brazil specifically. They are complemented by two of the strongest commodity derivative groups in the investment banking sector. Nick Poll Managing Director Contacts Nick Poll Tel: +61-8-9324-1177 Fax: +61-8-9324-2171 Email: info@mirabela.com.au