PanAust secures $102m loan for Phu Kam copper-gold mine

Singapore 30 July 2010 04:05

Brisbane-based miner PanAust has secured $102 million of debt facilities for its Phu Kam copper and gold mine in Laos. The three-year debt facilities comprise of an $85 million revolving term facility and a $17 million guarantee facility and hedging lines, secured with a syndicate of four banks: ANZ, Investec, Sumitomo Mitsui and Commonwealth Bank of Australia, PanAust said on Friday. PanAust will use the debt facilities for...

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PanAust secures $102m loan for Phu Kam copper-gold mine

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