Future finance arrangements6 Mar 2014 09:28
Financing Discussions
North River is currently in discussions with several potential development capital financiers. To date there has been good interest from African and European banks, and several off-take concentrate trading houses, as well as a number of equity funds. To help with these discussions, Donald McAlister has joined North River as a consulting financing adviser. Mr McAlister was previously Finance Director of Mwana Africa plc and has considerable experience in raising and structuring development finance. In order to further shorten the time to production, North River has begun discussions with regards to the engineering, procurement and construction management ("EPCM") contract.