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Ma'aden's phosphate project gets loan approval

4:09 AM MDT | April 4, 2014 | Natasha Alperowicz

Saudi Arabian Mining Co. (Ma’aden) has announced that the Public Investment Fund has approved a $2-billion loan covering part of its previously announced phosphate project. The project is being implemented by Ma’aden’s Waad Al Shamal Phosphate Co., a joint venture with Sabic and Mosaic. The loan’s duration is 17 years. It will be repaid in half yearly instalments with 5 year grace...

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