CAPITAL MARKETS

Austral borrows $76 million for Tahmoor expansion

AUSTRAL Coal has signed an agreement to borrow $76 million to repay an existing debt facility, purchase a new longwall system and upgrade other plant and infrastructure at its Tahmoor mine.

Greg Tubby
Austral borrows $76 million for Tahmoor expansion

The loan, announced in November, also includes a $3 million bank guarantee facility and a US$105 million foreign exchange facility. There are two tranches to the loan facility, one of which is supported...

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