Resource Wrap: 30 October 2009 – AQA, WHC
October 30, 2009
Aquila Resources Limited (AQA) announced that its Avontuur Manganese Project has been successful in the Long Term Manganese Export Allocation Process to qualify participants for the Manganese Industry Forum to be established by Transnet Limited. The company anticipates the forum would determine the quantum of and process for export rail and port capacity expansion for manganese ores from the Kalahari Region in South Africa, with an execution plan to allow new production to reach markets from 2013.
Whitehaven Coal Limited (WHC) said it has entered into a new banking facility with ANZ and Macquarie Bank Limited to replace existing facilities which are currently being wound down. The company said the new facility is for a three-year term and comprises bank guarantees totalling $80 million, and banking lines for commodity and foreign exchange hedging. Whitehaven said the new facility includes a change of control provision.
Whitehaven Coal Limited (WHC) said it has entered into a new banking facility with ANZ and Macquarie Bank Limited to replace existing facilities which are currently being wound down. The company said the new facility is for a three-year term and comprises bank guarantees totalling $80 million, and banking lines for commodity and foreign exchange hedging. Whitehaven said the new facility includes a change of control provision.
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