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THE future of the Nifty copper development in Western Australia is in doubt after owner Cyprium Metals rejected a bond that was offered on the basis it was “deemed not commercially satisfactory”.
Cyprium is now searching for alternative debt options for the development of brownfields Nifty operation
The bond plus a US$35 million offtake pre-payment were to have comprised the targeted A$240-260 million debt funding package for Nifty, with a A$35 million placement unveiled earlier this month
Development plans back in action
PE backs Cyprium's copper assessment
West Africa an improved opportunity
West Africa an improved opportunity
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