PROJECT FINANCE

Adamus finalises Southern Ashanti financing

GOLD hopeful Adamus Resources has accepted a credit-approved offer from Macquarie Bank for a $US70 million ($A78.6 million) project loan, bonding and hedging facilities for the development of the Southern Ashanti project in Ghana.

Kristie Batten
Adamus finalises Southern Ashanti financing

Adamus is now fully funded to the start of production in early 2011. The offer is for a loan of $60 million or $70 million, with the hedge requirement 252,000 ounces of gold for the $60 million facility...

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