OTHER

Newfield approves Tongo

NEWFIELD Resources' flagship Tongo diamond mine in Sierra Leone has been approved for development by the company's board, which has also issued US$30.5 million worth of bonds to help the operation get out of the starting stalls. 

 The Tongo box cut takes shape.

The Tongo box cut takes shape.

The bonds will be placed with entities associated with existing significant shareholders over two tranches, for $20 million and A$15 million respectively.   The bonds come with covenants with restrictive...

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