Gindalbie seals deal to prop up Karara

GINDALBIE Metals has secured a $US400 million ($A428 million) loan to help support the troubled Karara iron ore project in Western Australia.

Gindalbie seals deal to prop up Karara Gindalbie seals deal to prop up Karara Gindalbie seals deal to prop up Karara Gindalbie seals deal to prop up Karara Gindalbie seals deal to prop up Karara

The company said Karara Mining (Ansteel: 52.16%; Gindaldie: 47.84%) had executed documentation with China Development Bank and Bank of China for the new funds.

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