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Gindalbie to forge ahead with Karara

GINDALBIE Metals has secured a $US250 million ($A239 million) project debt facility, marking the final funding requirement needed to complete the construction of its flagship Karara iron ore project in Western Australia.

Lauren Barrett
Gindalbie to forge ahead with Karara

The funding, provided by the China Development Bank, was secured under the signing of a mandate letter and term sheet. The funding was required because of a funding shortfall in the original $1.2 billion...

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