CAPITAL MARKETS

Placer says Cerro Casale not financeable

PLACER Dome has said the Cerro Casale copper gold project in Chile is still not financeable under the current hedging arrangements with partners Bema Gold and Arizona Star Resources saying they will reclaim Placer’s 51% interest in the project if it does not meet its financing obligations within one month.

Rebecca Keenan
Placer says Cerro Casale not financeable

Placer has previously informed Bema and Arizona Star that at least one major international mining bank, as well as Placer’s financial consultants, had indicated that the project is financeable in the current...

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