PROJECT FINANCE

Mayur locks in Orokolo funding

PAPUA New Guinea-focused Mayur Resources emerged from a two-week suspension yesterday, with the Brisbane-based company announcing it had secured up to US$25 million in funding for its Orokolo Bay industrial sands project.

Mayur locks in Orokolo funding

Mining and quarrying firm China Titanium Resources Holdings has offered the funding in return for a stake in the holding company that owns the Orokolo Bay project. A definitive agreement...

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