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21 Dec
22:16

Outokumpu arranges finance to develop chrome mine project

Finnish stainless steel specialist Outokumpu tells Kallanish that it has signed a major long-term loan to finance its DeepMine project in Kemi, Finland. The loan is valued at €120 million ($136.4m) and is supported by Finnvera, a Finnish state-owned financing company. Approximately half of the project’s capital expenditure is expected to be financed by loans drawn under the new facility during 2019–2022 with planned maturity in 2030, the steelma…
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