Wright Legal has extensive experience in over-the-counter (ISDA) and exchange traded hedging transactions across metals, currencies, interest rates, and other commodities and asset classes, including for the following clients and mining assets:
Image copyright Panoramic Resources Limited
Panoramic Resources Limited recently announced the $40 million secured project financing and nickel and copper hedging lines with Macquarie Bank Limited to finance the restart of the Savannah nickel, copper cobalt project in the East Kimberley.
Our team of banking and finance lawyers at Wright Legal were pleased to work on this transaction for Panoramic Resources, which now takes the Savannah Project to being fully funded.
The finalisation of the facilities is a significant milestone as it was the remaining condition precedent to the board making the decision to restart the project. Panoramic Resources plans to ship first concentrate from the Savannah nickel-copper-cobalt project in Western Australia in first quarter 2019
The ASX Announcement made on 16 July 2018 can be viewed via the company website here.
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