Financing The financing deal for Almonty’s Sangdong Tungsten Mine involves a loan from KfW IPEX-Bank, which is structured to support the development and operational phases of the project. The key terms include:
- Loan Amount: Approximately USD 75 million.
- Interest Rate: Competitive rates aligned with international development financing standards.
- Repayment Period: Typically spans over several years, often structured to match the project’s revenue generation timeline.
- Collateral: The mine’s assets and future revenues are usually pledged as collateral.
- Additional Support: Involvement of OeKB for export credit guarantees and additional financial backing.
These terms are designed to ensure the project’s financial stability and successful completion.