MBAC gets $40m loan from IFC over phosphate project in Brazil

By Alex Feytis
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...

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