26 May, 2015

Ashurst has advised Karara Mining Limited (KML) as borrower, and its subsidiaries as guarantors, on its USD 1.48bn syndicated facility agreement. KML is a joint venture between the WA-based Gindalbie Metals Limited and Ansteel, one of China’s largest steel makers and iron ore miners.

Two of KML’s existing facilities have been refinanced by this new USD 1.48bn syndicated facility agreement, providing KML with an extended maturity (effectively a 10 year extension over the existing term).

The Ashurst team was led by partner Gaelan Cooney.

Conventus Law