Deutsche signs trade deal with Philippine mining company

The bank provides $40 million in pre-export finance to Platinum Group Metals.

Deutsche Bank has signed a $40 million pre-export financing facility with Philippine mineral processing company, Platinum Group Metals, to help support the acquisition, rehabilitation and development works at the companyƆs two ferronickel smelter plants. This mandate was completed in November 2007.

Platinum's smelter plants, located in the northern Mindanao city of Iligan and town of Manticao, Misamis Oriental, are considered to be investment priority projects for the Philippine government.

These plants capture significantly more off-take value of Philippine mineral output...

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