Australian-listed gold producer Newcrest Mining Ltd has secured a 575 million Australia dollars loan which will allow it to proceed with the stage-one development of its Telfer gold project in Western Australia. The latest debt financing brings the total raised by the company for development at Telfer to 975 million Australia dollars, comprising 575 million Australia dollars in debt, 150 million Australia dollars in finance leases (under negotiation) and 250 million Australia dollars in equity (MJ, September 20, 2002, p.206).
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