ITS LOAN ARRANGEMENTS include a 160 million US dollars project finance facility over a seven-year term for the development and construction of Phu Kham, while the banking syndicate will also provide 47 million US dollars of working capital and cost overrun facilities and a 35 million US dollars equipment lease facility. "The bank deal represents a major vote of confidence in the project," Pan Australian's general manager corporate development Joe Walsh said. "As a result of a very low waste to ore ratio and the excellent infrastructure in the region, Phu Kham has an extremely competitive capital cost and will he well positioned with regards to cash operatingVcosts, which are predicted to be in the second quartile for copper mines globally." All mill components are set to arrive on site by the end of September.
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