Sigma Lithium arranges loan from Banco do Brasil
Sigma Lithium arranged a loan facility of US$22.4mn with state-run Banco do Brasil.
The firm, which has the Grota do Cirilo operation in Brazil’s Minas Gerais state, said the loan will be in the form of export financing.
"We have reached a significant milestone in our journey as a producer, achieving the maturity to access trade financing instruments available to Brazil's largest exporters. We are honored to be working with Banco do Brasil, the country's largest bank, which has extended through its balance sheet in Asia highly competitive interest rates to Sigma Lithium," Ana Cabral, co-chair and CEO of Sigma Lithium, said in a statement.
"Banco do Brasil has a history of more than a century in fostering the development of industrial exporters in the country. With this inaugural transaction with Sigma Lithium, one of the world's largest producers of industrial lithium materials, Banco do Brasil strengthens its leading position in developing the Brazilian green industrialization of future facing battery materials."
Sigma started commercial production at Grota do Cirilo in the second quarter of 2023. In phase 1, annual capacity is 270,000t of concentrate or 36,700t LCE.
Meanwhile, the company made a final investment decision to nearly double capacity to 520,000t of concentrate through a phase 2 expansion of the plant.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Mining & Metals (Brazil)
Meridian Mining Drills Further High-Grade VMS Mineralization at Santa Helena - 58.9m @ 3.6g/t AuEq (2.8g/t Au, 0.7%...
Drilling is continuing with further assays pending.
Brazil's Vale steps up focus on reducing greenhouse gas emissions
The company’s efforts include a minority investment in a US-based startup.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Caldeira
- Current stage:
- Updated: 4 months ago
- Project: Corumbá
- Current stage:
- Updated: 4 months ago
- Project: Juruena
- Current stage:
- Updated: 4 months ago
- Project: CentroGold (ex Gurupi)
- Current stage:
- Updated: 4 months ago
- Project: Carina Module
- Current stage:
- Updated: 5 months ago
- Project: Boa Vista
- Current stage:
- Updated: 4 months ago
- Project: Posse Gold (Mara Rosa Property)
- Current stage:
- Updated: 5 months ago
- Project: Grota do Cirilo (Phases 2 & 3)
- Current stage:
- Updated: 5 months ago
- Project: Palma
- Current stage:
- Updated: 5 months ago
- Project: Castelo de Sonhos (CDS)
- Current stage:
- Updated: 5 months ago
Other companies in: Mining & Metals (Brazil)
Get critical information about thousands of Mining & Metals companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Grupo Novonor (Novonor)
- Novonor, formerly known as Odebrecht, is a Brazilian holding company present with operations in 14 countries, including Argentina, Brazil, Colombia, Ecuador, Mexico, Panama, Per...
- Company: J. Mendes Empreendimentos e Participações Ltda. (J. Mendes)
- The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: LHG Mining
- The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: Ero Brasil
- Company: Centaurus Brasil Mineração Ltda. (Centaurus Brasil Mineração)
- Centaurus Brasil Mineração Ltda. is a wholly-owned Brazilian subsidiary of Brazil-focused Australian mineral exploration company Centaurus Metals Limited. Centaurus Brasil Miner...
- Company: Cedro Mineração Mariana Ltda.
- Company: Piauí Níquel Metais S.A. (PNM)
- Company: Sigma Mineração S.A. (Sigma Mineração)
- Sigma Mineração S.A., a wholly-owned subsidiary of Canada-based Sigma Lithium Resources, is a Brazilian developer of lithium properties. Sigma Mineração holds 28 mining licenses...