China Nonferrous Gold to extend CNMC loan by an additional year

China Nonferrous Gold, the company currently mining the Pakrut gold project in the Republic of Tajikistan, said it has signed a supplementary agreement with CNMC, one of its shareholders with a 38.36% stake, to extend the CNMC loan by one year to be repayable on 26 November 2018.

China Nonferrous Gold Limited (DI)

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The loan facility was said to be repayable on 26 November 2017, China Nonferrous said,in a statement released on 29 September 2017, with all terms remaining unchanged.

China Nonferrous also said it was continuing to engage in discussions in relation to a wider refinancing of the business especially concerning the repayment of short term financing falling due in December 2017 and January 2018.