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Bank backs tungsten project

TORONTO based Tiberon Minerals has accepted a proposal from European commercial bank WestLB for $US10 million two-year convertible loan facility to fund the development of the Nui Phao tungsten/fluorspar deposit in Vietnam.

Ben Sharples

WestLB and Fortis Bank were appointed in August last year to jointly act as lead arrangers in underwriting the debt financing for the project, where the aim is to be in commercial production by early 2008....

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