The Mining and Metals team at Olaniwun Ajayi, working seamlessly across our English and African practice groups; Olaniwun Ajayi (UK) LLP and Olaniwun Ajayi Africa, is pleased to have advised FG Gold Limited on a US$330 million senior debt financing from AFC and Afreximbank. The facility will support the development of Sierra Leone’s first large-scale commercial gold mine — the Baomahun Gold Mine Project.
Our role on this project highlights our extensive expertise in the mining sector and our dedication to facilitating complex, high-impact transactions across Africa. This market-defining transaction follows our successful track record of supporting FG Gold on significant achievements in relation to the Baomahun Project, including a US$45 million stream financing, the negotiation of the large-scale licence agreement with the Government of Sierra Leone, and a US$55 million mezzanine financing.