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Kore Potash shares slip after unveiling $2.2bn funding plan
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Kore Potash shares slip after unveiling $2.2bn funding plan
SHARES in Kore Potash fell as much as 10% on Tuesday after the fertiliser minerals developer detailed a $2.2bn funding package for its Kola Project in the Republic of Congo. By mid-afternoon, the share was 5% lower in London. The term sheet for the funding package, to be supplied by OWI-RAMS, comprises debt totalling $1.53bn and a $655m royalty portion that gives the lender the right to buy all of the potash mined at Kola. OWI-RAMS represents th…
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