Orocobre finds funding for Stage 2 expansion

Dual-listed lithium miner Orocobre has finalised a $180-million finance facility for the Stage 2 expansion of its Olaroz lithium facility, in Argentina.

The debt facility, with a nine-and-a-half year maturity date and an interest rate of less than 4% a year, was agreed with Toyota Tsusho Corporation, Sales de Jujy SA, Jujuy Energia y Minera Sociedad del Estado, Mizuho Bank and Japan Oil, Gas and Metals National Corporation.