Alkane appoints advisers for Dubbo mine

Alkane Resources has appointed a syndicate of banks to secure a $1 billion finance package for its Dubbo Zirconia project in New South Wales.

Alkane announced today it had engaged Credit Suisse Australia, Sumitomo Mitsui Bank and Petra Capital to provide investment banking services from November 1.

The company said securing the finance package was expected to take around 12 months.

“The project is on track to be a strategic, long term supplier to world markets of zirconium products and the critical heavy rare earths, in particular dysprosium, yttrum and terbium,” Alkane said in a statement.