Phosphate Mine Angola
The client for this Angolan phosphate transaction in Cabinda Province is an Australian listed company that has already invested more than $15m into the project. The Angolan Government is the offtaker for the initial phosphate production. The end buyers will be Angolan farmer co-operatives with export to DRC farming entities as production increases. All contracts are in USD so there will be no local currency risk.
USD$30m: $5m equity and $25m debt
The equity can either be a private placement at the Australian Stock Exchange (ASX) level or as a private placement of equity into Mauritius. The transaction (debt and equity) can be structured in Mauritius under English law and the funds on-lent into Angola.
The debt can be senior secured and lent via a Mauritian Special Purpose Vehicle for these banks.