Gindalbie secures debt facility with Chinese bank

摘要

Gindalbie Metals has agreed a 250 million US dollars debt facility with the China Development Bank, which the Australian company said would help complete construction of the 2.6 billion US dollars Karara magnetite mining project. Analysts welcomed the debt facility, long flagged by Gindalbie as a means of making up the funding shortfall from the original project costings caused by the high Australian dollar.