Macfarlanes has advised Alufer Mining Limited (“Alufer”) on closing a $10m senior secured bridge facility with leading mining investment fund Pala Investments Limited (“Pala”).

Alufer is a bauxite and exploration and development company with a portfolio of assets in the Republic of Guinea, West Africa.  The Bel Air Bauxite Project is located north of Guinea’s capital, Conakry, and the facility will be used to fund the Bel Air Bauxite Project to pre-construction stage.

The Macfarlanes team was led by finance partner Richard Fletcher, with corporate partner Emmie Jones, investment management partner Simon Thomas and tax senior counsel Hilary Barclay.

Richard Fletcher comments: “This is another great example of our cross-practice capability in Africa and we were very pleased to be involved in bringing a successful close for Alufer.”