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EDC approves $300 million financing for Arafura's Nolans rare earths project, highlighting its geostrategic importance in global supply chain.
Export Development Canada (EDC) has conditionally approved $300-million in debt financing for the Nolans rare earths project, near Allice Springs in the Northern Territory. The funding package takes conditional approvals to 68% of the targeted $775-million of senior debt funding for Nolans, bringing Arafura closer to a final investment decision on the project.
Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa.
By Michael Foundethakis, Partner, and Global Head of Project and Trade & Export Finance, Baker McKenzie Paris and Virusha Subban, Partner...
Trade And Supply Chain Finance Awards 2024 | Global Finance Magazine