The Global Resource For Connecting Buyers and Sellers

Kenmare secures $100M through capital raising to deleverage balance sheet

Mozambique mineral sands miner Kenmare will pursue a capital raising and debt restructuring to materially deleverage its balance sheet with US$100 million already secured. Subject to agreement with lenders, the plan is expected to result in gross outstanding debt being substantially reduced. The capital raising is expected to be conducted by means of a firm […]