MBAC gets $40m loan from IFC over phosphate project in Brazil
Published: Tuesday, 22 November 2011
Canada-based explorer targets Q4 2012 to start SSP production at Itafós Arraias project
MBAC Fertilizer Corp. has concluded a
$40m loan agreement with International Finance Corporation
(IFC), a member of the World Bank Group, to finance its
phosphate projects in Brazil, the company announced.
The Canada-based exploration company explained that the
proceeds from the IFC loan will be used by MBAC for...