Macquarie Group

Macquarie Group

March 05, 2012 09:59 ET

Macquarie Funds First Lease to Beadell Brasil Ltda.

NEW YORK, NEW YORK--(Marketwire - March 5, 2012) - Macquarie Global Mining Equipment Finance ("MGMEF") announced today that it has commenced funding under a US$20 million lease facility to Brazilian junior gold miner Beadell Brasil Ltda., owner of the Tucano gold project in Brazil.

The leased equipment will integrate the mining fleet of Beadell Brasil's Tucano project currently under construction.

Jennifer Coyle, Macquarie Global Mining Equipment Finance Managing Director, said: "We are delighted to provide Beadell with equipment financing that helps them achieve their fleet-management objectives. This lease facility is among a range of client-focused financial products Macquarie provides to Beadell in its ongoing project developments."

"The current mining cycle presents tremendous opportunities around the world. Macquarie offers innovative financial solutions to support miners and contractors in the expansion and renewal of their fleets."

About Macquarie Global Mining Equipment Finance

Macquarie Global Mining Equipment Finance, a member of Macquarie Group, provides equipment financing and leasing to the mining industry around the world. With locations in Australia, Switzerland and the United States, Macquarie's Global Mining Equipment Finance team combines cross-border expertise with innovative asset management solutions.

About Macquarie

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie's main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 15,000 people and has assets under management of over US$317 billion (as of September 31, 2011).

Contact Information

  • Media contacts:
    Macquarie Group
    Stephen Yan
    Corporate Communications
    +1 212 231 1310