CAPITAL MARKETS

PanAust secures Phu Bia debt

PAN Australian Resources has secured a $US8 million loan that will see the company through commissioning and into ramp-up of production at its Phu Bia gold mine in Laos.

Rebecca Keenan
PanAust secures Phu Bia debt

Part of the loan will also fund the feasibility study on the Phu Kham copper-gold project, also in Laos, which is due for completion in August 2005. ANZ Investment Bank has provided the two-year revolving...

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