PRECIOUS METALS

One Asia pushes ahead despite uncertainty

SYDNEY-based One Asia Resources has mandated Macquarie Bank to provide up to $US150 million ($A166.3 million) for the Pani gold project in Indonesia, as the company faces a possible ownership challenge that echoes the Tujuh Bukit dispute.

Kristie Batten

One Asia pushes ahead despite uncertainty

The capital will fund the development and associated costs of the 1.88 million ounce Pani project in Sulawesi. "We believe the mandate provides a clear path to delivery of the $150 million in finance...

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