Perth-based explorer Centaurus Metals has entered into an exclusive mandate for a $6 million working capital facility with RMB Resources’ Australian subsidiary to fund development of its Candonga iron ore project in Brazil.
MZI Resources will start construction within months on its Keysbrook mineral sands project in Western Australia after securing a US$64 million debt facility to help fund the development.
SOUTH Africa’s RMB Resources is not a new player in the Australian market, but it’s the kind of financier that is likely to become more prominent as local companies seek alternative funding solutions.
Western Australia-based resources firms Crescent Gold, Latin Resources, and Hot Chili have each announced strong interest and oversubscriptions to capital raisings collectively worth around $16 million.
30 May 2011
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