China Development Bank finances Mt Cattlin project

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    China Development Bank (CDB) and another lender have provided US$155 million in project financing to Galaxy Resources, an Australian Securities Exchange-listed…

    China Development Bank (CDB) and another lender have provided US$155 million in project financing to Galaxy Resources, an Australian Securities Exchange-listed mining and chemical company focusing on lithium and tantalum production.

    The other bank in the syndicate is Austrian bank Raiffeisen Zentralbank Osterreich (RZB). Galaxy will use the loan for the development of the Mt Cattlin Lithium Project in Ravensthorpe, Western Australia and associated lithium carbonate production plant in Jiangsu Province, PRC.

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