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Alara locks in debt finance from Islamic bank

ALARA Resources’ long-held dream of developing a copper project in the Middle East moved closer today with the company’s its 51%-owned subsidiary Al Hadeetha Resources accepting an offer of A$38 million debt financing from Oman-based Alizz Islamic Bank. 

Haydn Black
Alara locks in debt finance from Islamic bank

The long-delayed financing arrangements "signify another key milestone for the flagship Al Hadeetha copper-gold project in Oman", Alara managing director Justin Richard said.   The funding will be...

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