Project Finance

Refinery Holdings has funding commitments in place, to be finalised once the Project Bills are enacted, for the four main facilities:

USD160 million – Construction Facility

• Construction and completion financing facility and post-completion debt facility for the initial Refinery and Mint facilities, and associated infrastructure and offices, at Jacksons International Airport and the LNG Park.

USD20 million – Initial General Working Capital Facility

• Initial general working capital facility.
• Available until the National Gold Corporation Group becomes self-funding from the commencement of initial commercial activities.

USD20 million – Gold Product Working Capital

Initial working capital for the commencement of production and sale into domestic and bullion markets of the NGC Group’s new Gold Products:

• PNG Gold Bullion Bars - New National Bird of Paradise, international investment grade gold and precious metal bullion bars stamped with PNG National Emblem.
• PNG Gold Bullion Coins - New National Bird of Paradise, PNG legal tender, international investment grade gold and precious metal bullion currency coin program. All coins feature the PNG National Emblem and cultural designs to promote PNG to the world.
• PNG National Gold Notes - New National Gold Notes backed by the National Bird of Paradise PNG legal tender gold and precious metal bullion currency coins.

USD5-7 billion p.a Gold Inventory Facility

• Gold inventory financing facility to finance the gold inventory and operations of National Gold Refinery, the National Mint.
• Gold refining inventory purchases & refined gold bullion product sales, the bullion bar trading program and the production of value-added gold products.