Maharlika brings Indian investor to Makilala mine

MANILA, Philippines – Maharlika Investment Corp. (MIC) has sold its $10-million bridge loan for Makilala Mining Company to an Indian-backed firm, recycling capital and drawing foreign investment into the country’s mineral development sector. MIC, the country’s sovereign wealth fund manager, assigned the loan to Equinaire Holdings Limited, a wholly owned subsidiary of India-listed Kiri Industries