PROJECT FINANCE

AVZ seeking $10M for DRC dream

THE Democratic Republic of the Congo might be grabbing the headlines for all the wrong reasons at the moment: a contested election, a worsening ebola outbreak in the east and tribal massacres in the west; but AVZ Minerals is raising up to A$10 million to help develop what it calls the “Escondida of lithium”.

Manono Drilling.

Manono Drilling.

This morning the company announced plans to raise $5 million under share purchase plan at a 20% discount to the five-day average before the new shares are issued to advance its Manono lithium-tin project...

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