CAPITAL MARKETS

Sally Malay confirms bank financing

WHILE Sally Malay Mining has confirmed the bank financing of its nickel project in the Kimberley region of Western Australia, the strengthening Australian dollar is being blamed for the facility being $6 million less than was originally offered.

Michael Quinn

Macquarie Bank and Standard Bank are lending Sally Malay $46 million to develop the operation, with an equity raising of $5.85 million last month making up the shortfall. The 8000-9000t per annum nickel...

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