11
May
01:50
Pacific Nickel completes first drawdown for Kolosori
Australian miner Pacific Nickel Mines confirms that the initial drawdown of $3m under the financing arrangements with Glencore International AG (Glencore) for the Kolosori nickel project in Solomon Island has been completed.
The total Glencore facility of up to $22m is expected to be sufficient to meet the pre-production funding requirements of the project, Kallanish notes.
Subsequent drawdowns under the facility are subject to additional conditions preced…
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