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Canyon Secures $124M Backing to Buy Rolling Stock for Minim Martap Push
7:03pm on Monday 2nd of June, 2025 AEST
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Mining
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Canyon Secures $124M Backing to Buy Rolling Stock for Minim Martap Push
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Eagle Eye Asset Holdings underwrites $124 million loan for rolling stock purchase
Financing covers 22 locomotives, 550 wagons, and a 5-year warranty/service agreement
Loan features 12% interest, 12-month moratorium, and 5-year term
Rolling stock accounts for about 50% of project CAPEX per 2022 Bankable Feasibility Study
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