Appian Withdraws from PLC's Central Lime Project Financing
Deal News | Aug 07, 2025 | Appian Capital Advisory LLP
Appian Capital Advisory Limited has withdrawn from a financing deal with Pacific Lime and Cement Limited for the Central Lime Project in Papua New Guinea. The investment advisor, known for its involvement in metals, mining, and adjacent industries, cited PLC's inability to satisfy a condition precedent of securing an offtake agreement as a reason for the withdrawal. The deal was initially set to include a senior secured loan and royalty component but ultimately failed to meet Appian’s risk requirements. Appian's decision suggests that the long-term viability of the Project did not align with investor interests.
Sectors
- Metals & Mining
- Finance & Investment
Geography
- Papua New Guinea – The Central Lime Project at the center of the financing withdrawal is located in Papua New Guinea.
- United Kingdom – Appian Capital Advisory Limited, the investment advisor, is based in London, UK.
Industry
- Metals & Mining – The article concerns Appian Capital’s investment advisory role in the financing of a mining project, emphasizing its specialization in the metals and mining industries.
- Finance & Investment – The withdrawal of a financing deal highlights the financial investment strategies pertinent to project viability and risk management.
Financials
- Senior Secured Loan and Royalty Financing – The proposed financing package from Appian to PLC that was withdrawn.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Appian Capital Advisory Limited | Investment Advisor | Company | A leading investment advisor to private capital funds specializing in metals, mining, and adjacent industries. |
| Pacific Lime and Cement Limited | Target | Company | The company developing the Central Lime Project in Papua New Guinea previously known as Mayur Resources. |