|Bid||3,850.00 x 0|
|Ask||3,915.00 x 0|
|Day's Range||3,881.00 - 4,046.00|
|52 Week Range||38.53 - 6,990.00|
|Beta (5Y Monthly)||0.67|
|PE Ratio (TTM)||1,288.63|
|Earnings Date||Sep 10, 2020|
|Forward Dividend & Yield||2.98 (7.44%)|
|Ex-Dividend Date||Apr 01, 2020|
|1y Target Est||69.35|
French oil major Total has secured $15.8 billion in funding for its massive liquefied natural gas (LNG) project in northern Mozambique, according to South African lender FirstRand's local unit, FNB Mozambique. Total declined to comment. In a press release published on Wednesday, FNB Mozambique said the financing contracts for Total's blockbuster development had been signed on Friday.
South Africa's Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total's Mozambique liquefied natural gas (LNG) project. RMB, owned by FirstRand Bank, said the signing of $15 billion in financing was scheduled for June. "It will be a remarkable achievement in the circumstances," Jonathan Ross, head of oil and gas coverage at RMB, said in a statement, adding that other projects have experienced delays.
Making the mining industry more sustainable by running mines on renewable energy, for example, will be a key focus at the annual Investing in African Mining Indaba conference in Cape Town this week, as companies hunt for new sources of capital including private equity, debt, offtake finance and royalty finance. Environmental, social & governance (ESG) concerns have driven money into specialised ESG funds which often exclude mining stocks among other 'dirty' assets. The average cost of capital for early-stage mining projects rose by two percentage points over the past two years, he estimates.