TNG mandates KfW IPEX as lead debt arranger for $600m Mount Peake project

Australian strategic metals company TNG Limited has appointed  KfW IPEX-Bank as advisor and arranger for an A$850 million ($600 million) syndicated project loan to fund development of its 100%-owned Mount Peake Vanadium-Titanium-Iron project in the Northern Territory. The mandate will commence on 15 January 2019. KfW IPEX has already been working closely with SMS Financial Services to refine and optimise the Mount Peake financial model to meet the capex and opex assumptions in the FEED study led by TNG’s engineering and construction partner SMS Group. KfW IPEX’s arranging role will include advising TNG on how to maximise cover instruments available from export credit agencies.