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Tag Archives: Euler Hermes

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Arafura completes debt finance for huge rare earths play

Manufacturing News, TechnologyBy Staff ReporterJuly 5, 2024

Arafura Rare Earths has secured conditional approval for up to US$115 million in loan guarantees from a German inter-ministerial committee – the final approval required to complete the senior debt structure for its giant Nolans rare earths project. Earlier this week the Export-Import Bank of Korea (KEXIM) gave its conditional approval, with the latest approval…

Arafura pushes ahead despite fall in rare earths prices

Manufacturing NewsBy Peter RobertsJuly 31, 2023

Arafura Rare Earths pushed ahead with engineering work and construction of its giant Nolans rare earths project in the Northern Territory in the latest quarter despite a softening market for the critical metals. The neodymium and praseodymium (NdPr) price declined 17 percent during the quarter from US$76 per kg to $63 due to demand weakness…

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