Moody's affirms Bemax

Moody's Investors Service said it affirmed its Ba3 corporate family rating and Ba3 senior unsecured debt rating for Bemax Resources Ltd. in view of the successful closing of its $175 million s144a bonds issuance. Both ratings are removed from provisional status.

The outlook is stable.

Bemax intends to expand operations to additional mining sites and ramp up operations at its Broken Hill Mineral Separation Plant facility to allow for the processing of Rutile and Zircon, Moody's said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.