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Mirabela buys time with $50M loan

MIRABELA Nickel has secured a $US45 million ($A50.8 million) loan to maintain its operations in Brazil as the troubled miner progresses critical recapitalisation negotiations.

Justin Niessner
Mirabela buys time with $50M loan

The interim funding comes from a consortium of ad hoc holders of the company’s notes, representing more than 65% of the notes outstanding. The loan is expected to allow Mirabela to fully meet its...

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