Strandline Resources progresses debt facility for Coburn mineral sands project, advances exploration at Tanzania assets
January 28, 2021
Strandline Resources has shortlisted lenders regarding a $100 million debt tranche, which is the remaining funding required to develop Coburn.
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Perth-based explorer Strandline Resources (ASX: STA) has spent the three months to December 2020 advancing a commercial debt facility to finance development of its flagship $260 million Coburn minerals sands project in WA.
In a quarterly report released today, the company confirmed it was in detailed discussions with shortlisted lenders regarding the proposed $100 million debt tranche, which will stand alongside a 15-year, $150 million loan under the Commonwealth Government’s Northern Australia Infrastructure Facility.
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Livestock carrier Barkly Pearl banned from Australian ports for two years
FriFriday 8
JanJanuary 2021 at 6:10am
The damaged Barkly Pearl has been loaded onto heavy-lift ship the Falcon near the Abrolhos Islands.
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A damaged livestock carrier that has been berthed in a West Australian port for two months has been banned from using any Australian port for two years after the Australian Maritime Safety Authority (AMSA) found the lives of seafarers on board had been put at risk and it was a threat to Australia s marine environment.
Key points:
The Barkly Pearl has been handed AMSA s most severe ban to date
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