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Societe Generale backs Herald

HERALD Resources has cleared the last financial hurdle for its Dairi zinc-lead project in Indonesia after securing a $US62 million ($A81.6 million) debt facility from Societe Generale Australia, with first production expected mid to late 2007.

Ben Sharples

Societe Generale backs Herald

Herald managing director Michael Wright told MiningNews.net the financing was subject to credit approval, but in conjunction with the $US90 million already raised, the facility would be more than sufficient...

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