Kipoi Copper Project $162.5 million debt refinancing

Overview:

• Tiger Resources has refinanced the Kipoi Copper Project in the Democratic Republic of Congo. 
• The Australian ASX listed mining company has issued a $162.5 million senior debt facility with the IFC and Taurus Mining Finance Fund. 
• The investment allows the mine to refinance its existing debt, and also allows for a $25 million expansion to increase its production capacity. 
• The senior debt is secured by Tiger Resource entities in the DRC, BVE, Australia, South Africa and Mauritius. 
• The company also raised $22 million using equity capital measures.
• Tiger Resources purchased the mine from the state of DRC in August 2015 for $111 million. 

John Crabb - Journalist