Highfield finds financing for Spain potash project

Potash developer Highfield Resources has secured a €312.5-million financing package to help fund the construction of its Muga potash project, in Spain.


The ASX-listed company told shareholders that it had agreed a non-binding indicative term sheet with a group of experienced European mining finance lenders including Société Générale, ING Bank N.V. and Natixis for a €300-million senior secured project financing facility and an additional €12.5-million cost overrun facility.