Meridian Mining Advances Toward Final Investment Decision at Cabaçal Project in Brazil

05:36 AM EST, 11/09/2026 (MT Newswires) -- Meridian Mining (MNO.L) is ramping up work towards a final investment decision at its Cabaçal gold, copper and silver project in the Brazilian state of Mato Grosso, according to a Monday filing. After an initial outreach program to various debt providers, banks, funds, commodity traders and export credit agencies, the mining company received over 20 indicative financing proposals. Multiple proposals offered over $300 million in debt financing, and several were fully financed indicative proposals worth $400 million. Meridian Mining also awarded Swedish engineering services group Afry (AFRY.ST) the engineering, procurement, and construction management contract for the Brazilian project as part of $30.9 million in contracts the company has committed to for preconstruction investments. It plans to recruit additional management, engineering, and technical personnel in due course.