BCI reaches close of funding facility for salt-first part of Mardie project

The Market Herald10-04

BCI Minerals Ltd (ASX:BCI) has achieved a significant milestone for funding of its Mardie salt and potash project in Western Australia, reaching Financial Close on a Syndicated Facility Agreement (SFA...

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href=https://themarketonline.com.au/bci-reaches-close-of-funding-facility-for-salt-first-part-of-mardie-project-2024-10-04/><strong>The Market Herald</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BCI Minerals Ltd (ASX:BCI) has achieved a significant milestone for funding of its Mardie salt and potash project in Western Australia, reaching Financial Close on a Syndicated Facility Agreement (SFA...</p>\n\n<a href=\"https://themarketonline.com.au/bci-reaches-close-of-funding-facility-for-salt-first-part-of-mardie-project-2024-10-04/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BCI","symbol_name":"abrdn Bloomberg All Commodity Strategy K-1 Free ETF","start_time":0,"source_url":"https://themarketonline.com.au/bci-reaches-close-of-funding-facility-for-salt-first-part-of-mardie-project-2024-10-04/","article_id":"2472698154","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472698154","pubTimestamp":1728021720,"columns":[],"sourceInfo":{"source_id":"markerherald_stock","name":"The Market Herald"},"weMediaInfo":null,"summary":"BCI Minerals Ltd  has achieved a significant milestone for funding of its Mardie salt and potash project in Western Australia, reaching Financial Close on a Syndicated Facility Agreement  which is set to deliver $981 million to boost the project’s development.The focus for this syndicate – which comprises Northern Australia Infrastructure Facility , Export Finance Australia , Export Development Canada ,Westpac Banking Corporation  and Industrial and Commercial Bank of China Limited  – is funding of the salt first component of Mardie.“With construction of the salt-first component of the Mardie Project now over 50 per cent complete, reaching Financial Close on the Syndicated Facility Agreement is an important milestone for BCI Minerals for the salt-first component of the Mardie Project,” he said.Join the discussion: See what HotCopper users are saying about BCI and be part of the conversations that move the markets.","collect":0,"end_time":0,"defaultTopTitle":"themarketonline.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BCI":"abrdn Bloomberg All Commodity Strategy K-1 Free ETF","XKO.AU":"标普/澳交所 300指数","BK7129":"钢铁","BK4588":"碎股","BK7050":"调查和咨询服务","BCI.AU":"BCI Minerals Ltd","BK4504":"桥水持仓","XJO.AU":"标普/澳交所 200指数","BK7062":"资产管理与托管银行","BK4581":"高盛持仓","SOP.AU":"SYNERTEC CORP LTD","XAO.AU":"标普/澳交所 普通股指数","BK4585":"ETF&股票定投概念","EFA":"欧澳远东指数 ETF-iShares MSCI","EDC.AU":"EILDON CAPITAL LTD","EDC":"新兴市场ETF-Direxion三倍做多","SOP":"ProShares UltraShort Oil & Gas Exploration & Production"},"translate_title":"BCI完成salt融资机制——Mardie项目第一部分","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BCI.AU":1,"BCI":1,"SOP.AU":1,"SOP":1,"EFA":1,"EDC.AU":1,"EDC":1,"XKO.AU":0.81,"XJO.AU":0.81,"XAO.AU":0.81},"content_text":"BCI Minerals Ltd (ASX:BCI) has achieved a significant milestone for funding of its Mardie salt and potash project in Western Australia, reaching Financial Close on a Syndicated Facility Agreement (SFA) which is set to deliver $981 million to boost the project’s development.\nThe focus for this syndicate – which comprises Northern Australia Infrastructure Facility (NAIF), Export Finance Australia (EFA), Export Development Canada (EDC),Westpac Banking Corporation (Westpac) and Industrial and Commercial Bank of China Limited (ICBC) – is funding of the salt first component of Mardie.\nFirst drawdown of the debt finance for the Mardie Project is anticipated by the third quarter of the 2025 fiscal year.\nThe salt first component aims at getting first salt on ship by the second quarter of 2027, while the potash component of the project is still focused on development of a sulphate of potash (SOP) plant, which will be funded once further design and cost development studies have been completed, and subject to provisions of the SFA.\nManaging director David Boshoff said the agreement represented an important step for BCI.\n“With construction of the salt-first component of the Mardie Project now over 50 per cent complete, reaching Financial Close on the Syndicated Facility Agreement is an important milestone for BCI Minerals for the salt-first component of the Mardie Project,” he said.\n“With key achievements including the commencement of operations, securingbinding Offtake Agreements and signing the CSL transhipment contract, we are continuing to execute our plan with precision and building confidence with our stakeholders.”\nAt 15:55 AEST, BCI was trading at 29.5 cents – a rise of 3.51% since the market opened.\nJoin the discussion: See what HotCopper users are saying about BCI and be part of the conversations that move the markets.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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