Dragon looking to raise $35m

PERTH-BASED Dragon Mining NL has announced plans to raise $35 million through secured convertible notes to fund the re-commencement of production at its second production centre at Vammala in Finland. Dragon said $22 million had been secured already through European and Australian investors. This will involve the re-establishment of underground mine production from the Orivesi Mine, the development of an open pit and underground mine at Jokisivu and re-commissioning of the Vammala plant, which is currently on care and maintenance. Funds will also be made available for incremental process improvements at Svartliden to provide sustainable plant performance.

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
48 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer