Euro Sun Mining Enters Term Sheet For $200 Million Copper Prepayment Facility

Euro Sun Mining Enters Term Sheet For $200 Million Copper Prepayment Facility

Euro Sun Mining (TSX: ESM) has secured a term sheet for a copper concentrate prepayment facility. The facility, entered into with Trafigura Pte, is part of an effort to secure the funding required to advance Euro Sun’s Rovina Valley copper-gold project. Terms are said to have been “agreed in principle” for Trafigura to provide a total of US$200 million in prepayments for copper concentrate. Prepayment would occur in three tranches, with the firs…

Trafigura backs Euro Sun’s Rovina Valley with $200M financing deal – The Northern Miner

Euro Sun Mining (TSXV: ESM; US-OTC: ESMNF) has lined up a $200-million loan package, with backing from global commodities trader Trafigura, to help finance its Rovina Valley gold-copper project in...