Deals and financing (4)

1. 2024-09-03 · Equity investment · signed · US$40 m

   POSCO → Black Rock Mining · Mahenge Graphite Project

   POSCO agreed a USD 40 million equity investment in Black Rock in two tranches, raising its stake to 19.99%, to support Mahenge Module 1.

   official release

2. 2024-03-15 · Project finance · announced · US$53.4 m

   Industrial Development Corporation of South Africa → Black Rock Mining (Faru Graphite) · Mahenge Graphite Project

   South Africa's IDC approved a USD 53.4 million senior term loan for Mahenge, completing approvals for a USD 113 million term loan with DBSA.

   official release

3. 2023-11-02 · Project finance · announced · US$59.6 m

   Development Bank of Southern Africa → Black Rock Mining (Faru Graphite) · Mahenge Graphite Project

   The Development Bank of Southern Africa approved a loan of up to USD 59.6 million for Black Rock's Mahenge graphite project, as part of a planned USD 113 million term loan.

   official release

4. 2023-05-29 · Prepayment · signed · US$10 m

   POSCO → Black Rock Mining · Mahenge Graphite Project Module 1

   POSCO signed a binding USD 10 million prepayment, repayable in product, and an offtake for all planned Module 1 graphite fines from Black Rock's Mahenge project in Tanzania.

   official release