Ormonde arranges $99.7m funding for Barruecopardo tungsten project

Salamanca deal inked despite "difficult year" for market funding

16th June, 2016
Tungsten market recovers as China cuts back production. Pic: Pixabay

Ormonde Mining has arranged a $99.7 million funding package for its Barruecopardo project through funds managed by Oaktree Capital Management.

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.

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