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Ormonde Mining (LSE:ORM) has arranged $99.7 million in funding for its Barruecopardo project, the Sunday Business Post reported, through funds managed by Oaktree Capital Management. As quoted in the publication: The business has also signed a construction management contract with Fairport Engineering Limited. A total of 85 per cent of the land blocks required to …
Ormonde Mining (LSE:ORM) has arranged $99.7 million in funding for its Barruecopardo project, the Sunday Business Post reported, through funds managed by Oaktree Capital Management.
As quoted in the publication:
The business has also signed a construction management contract with Fairport Engineering Limited.
A total of 85 per cent of the land blocks required to commence development are now owned or in long-term rental agreements.
A construction schedule has been agreed with commissioning in late 2017 which first production with independent forecasts of improving tungsten prices.
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