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30 Mar
10:14

Mincor secures Kambalda project financing

Australian miner Mincor Resources has signed a AUD 55 million ($42m) financing agreement with a banking syndicate for its Kambalda project, Kallanish notes. According to the agreement, the first withdrawal will take place no earlier than late in the third quarter. Last Friday, the company said all operating start-up funds are in place for the Kambalda project. The firm approved the project last September, and expects to see 71,000 tonnes of n…
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