New Century Resources strikes $40m loan deal with NAB

Derek Barry
Updated September 10 2018 - 8:13am, first published 7:59am
DONE DEAL: New Century has entered into a $40m debt facility with NAB at an interest rate of 5.25% a year.
DONE DEAL: New Century has entered into a $40m debt facility with NAB at an interest rate of 5.25% a year.

New Century Resources Limited says it has secured a $40 million debt and bank guarantee facility with National Australia Bank for its Lawn Hill mine.

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Derek Barry

Derek Barry

Editor, the North West Star

Editor of the North West Star Mount Isa since January 2016. Prior to that, an editor at several regional southern Queensland newspapers. Passionate about telling local stories. Comes with a strange accent to due an Irish accident of birth.

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