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RSS FeedsMeridian`s Manganese Plant expansion to be funded by Increase in Loan Facility
(WorldNews Netherlands)

 
 

11 december 2017 14:25:21

 
Meridian`s Manganese Plant expansion to be funded by Increase in Loan Facility
(WorldNews Netherlands)
 


LONDON, Dec. 11, 2017/CNW/ - Meridian Mining SE (TSX V: MNO) (`Meridian ` or the `Company`) today announced it has increased the loan facility from Sentient Global Resources Funds IV LP by US$1,000,000. The proceeds from the loan will be used to for the Jaburi plant expansion and working capital on Meridian`s Manganese Project in Espigão do Oeste, Rondônia. `The increase in the loan facility gives the Company the working capital to increase our exports of manganese and is for the final payment on the Jaburi plant upgrade,` said Anthony Julien, President and CEO of Meridian. `Our customers are demanding more product and the Jaburi plant upgrade will allow the Company to expand production...


 
11 viewsCategory: General > Europe > Netherlands
 
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