Herald cashes up with $30M Bumi loan

INDONESIA’S Bumi Resources will provide a $US30 million ($A44.5 million) standby loan facility to Herald Resources to further develop the Dairi zinc and lead project in Sumatra.

Herald cashes up with $30M Bumi loan Herald cashes up with $30M Bumi loan Herald cashes up with $30M Bumi loan Herald cashes up with $30M Bumi loan Herald cashes up with $30M Bumi loan

Bumi, which holds an 84% stake in Herald through its subsidiary Calipso Investments following a lengthy takeover saga, will extend an unsecured and interest free loan to Herald of up to $US30 million.

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