Moly Mines

US$494m Senior Debt Facility from China Development Bank

June 2011

In June 2011, Moly Mines announced that it had secured debt facilities with China Development Bank totalling US$494 million, consisting of a US$454 million senior secured facility and a US$40 million working capital facility. The facilities were secured as part of a previously announced two-stage debt and equity finance package with Hanlong Mining Investment for the construction and development of the Spinifex Ridge molybdenum project.

As part of its ongoing advisory role, Azure advised Moly Mines on all key aspects of the debt financing including financial modelling, preparing for and managing the due diligence process, negotiation and drafting of key deal documentation through to managing the successful execution of the transaction including the coordination of the company’s other advisers.