Mirabela raising 3 75 Million US dollars

摘要

Australia-based Mirabela Nickel (mnb-t, mbn-a) plans to raise 375 million US dollars in senior notes to pay debt, end its hedges and continue ramping up its sizable Santa Rita nickel mine in eastern Brazil. The announcement comes shortly after the company updated its reserves and 2011 output estimates at Santa Rita, which now hosts 159.3 million reserve tonnes grading 0.52% nickel, 0.13% copper and 0.015% cobalt for 569,800 tonnes of recovered nickel. This update to a 2008 reserve count adds 38 million tonnes but decreases the nickel grade from 0.6% thanks to a lower overall cutoff grade.