Murrin Murrin receives Swiss boost
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Tuesday, 5 July, 2005 - 22:00
SWISS-based commodity trader Glencore International threw its weight behind Anaconda Nickel’s Murrin Murrin nickel and cobalt project near Leonora, this week 10 years ago. Anaconda – now known as Minara Resources – informed the Australian Stock Exchange that Glencore would provide it with an unsecured loan of up to $5 million to meet costs associated with the project’s feasibility study. The company, which was headed up by Fortescue Metals Group chief executive Andrew Forrest, said it would also explore with Glencore opportunities for developing a strategic alliance for the marketing of Murrin Murrin’s nickel and cobalt.
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