CAPITAL MARKETS

Chinese to bankroll Palmer's Qld mines

CLIVE Palmer has renewed his commitment to building the $A8 billion China First coal project in the Galilee Basin of Central Queensland despite suspending plans to list his Resourcehouse company on the Hong Kong stock exchange.

Lau Caruana
Chinese to bankroll Palmer's Qld mines

Instead he has secured an extra $1.2 billion in funding from the China Exim Bank, which has approved a buyer’s credit facility for the project. “We have struck back quickly with a deal which ensures...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.