EGYPT

Denison Mines Negotiates $60mn IFC Loan for Melehia Oil Field

Denison Mines of Canada has negotiated a limited recourse project loan of $60mn with the World Bank's International Finance Corporation (IFC) for the Melehia oil field in Egypt's Western Desert, which is currently being prepared for production by Agiba Petroleum Company, a joint venture of Denison Mines and the Egyptian General Petroleum Corporation (EGPC). IFCs which will acquire a 10% interest in the Melehia...