Karara Mining, a joint venture between Gindalbie Metals and Angang Steel, has secured a $1.2 billion project financing via leads Bank of China Liaoning and China Development Bank Liaoning.
The 12-year term loan offers a margin of 200bp over six-month Libor.
Syndication saw Industrial Commercial Bank of China Liaoning and Agricultural Bank of China Liaoning joining in at lower tiers.
Proceeds are to support the Karara Iron Ore Project in Western Australia.
Airport Authority of...