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Roseby copper-gold project gets funding

The Roseby copper project in Queensland, Australia, looks like finally coming to fruition after joint venture partners Altona Mining and Sichuan Railway Investment Group signed a formal agreement to fund the development.

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The copper has always been present at Roseby, but only now has the needed cash materialised

The US$238.5 million pact will see SRIG provide US$213.53 million for the development – earning a 66% interest – and Altona provide US$25 million to get the remaining 34% stake.

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