Aureus granted more time to repay New Liberty debt

JOHANNESBURG ( – TXS and Aim-listed Aureus Mining has received approval from its lenders to further defer the first $3.1-million debt repayment due under a senior facility to April 29.

The payment was initially due on January 31, but was deferred to April 4.

Aureus, in 2013, entered into an $88-million project finance loan facility with the lenders – Rand Merchant Bank (RMB), Nedbank and the Export Credit Insurance Corporation of South Africa – as well as a subordinated $12-million loan facility with RMB, which was followed by a 2015 Tranche B senior facility of $10-million, to finance the development of its New Liberty project, in Liberia.