Conyers Dill & Pearman advised Standard Bank in connection with a US$417.7 million loan facility granted to African Minerals Limited and certain of its subsidiaries relating to its Tonkolili Iron Ore Project in Sierra Leone.
The facility was part of a combined bank debt/bond financing package to provide for the re-financing of African Minerals’ existing debt facilities and the continued expansion of the Tonkolili Iron Ore Project.
Sheba Raza of Conyers’ London office advised on the Bermuda law aspects of the transaction alongside the Bank’s English law advisers, Allen & Overy LLP.
African Minerals Limited is a minerals exploration and development company with significant interests in Sierra Leone. It is listed on the Alternative Investment Market (AIM) of the London Stock Exchange, and is now headquartered in London, United Kingdom. The Company is currently focused on the development of the world class iron ore deposit at Tonkolili and its related rail and port infrastructure.