Western Canadian Coal lends Cambrian $36 million

Jan 02, 2009 | 08:02 AM | Mick Bowen

Western Canadian Coal Corp. said it would lend up to $36 million to Cambrian Investment Holdings Ltd. (CIH), a subsidiary of Cambrian Mining Plc.

The money will be available immediately and will pay back debts to Investec Bank Ltd., Western Canadian Coal said in a statement. CIH will pay a fee of $600,000 and the loan will have an interest rate of 12 percent a year until repayment.....





Latest Pricing Trends

Poll

Are you stocking more inventory today than 18 months ago?

Yes
No


View previous results