Mining Briefs: Australasian, OceanaGold, Grange and more

CASH-strapped iron ore play Australasian Resources has secured a $A3 million working capital loan facility from its major shareholder, Clive Palmer’s Mineralogy.

Mining Briefs: Australasian, OceanaGold, Grange and more Mining Briefs: Australasian, OceanaGold, Grange and more Mining Briefs: Australasian, OceanaGold, Grange and more Mining Briefs: Australasian, OceanaGold, Grange and more Mining Briefs: Australasian, OceanaGold, Grange and more

The 12-month loan is secured by a fixed and floating charge over the company’s assets and bears interest at the bank bill swap bid rate plus 2%.

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