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. 

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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.

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