PROJECT FINANCE

Appian pulls backing from Mayur's PNG lime project

A lack of offtake agreement prior to FID elevated risks, miner says it no longer needs debt anyway

Central Lime in PNG

Central Lime in PNG | Credits: Mayur

Appian Capital Advisory has pulled its offer of US$115 million in debt finance to Mayur Resources' Central Lime development in Papua New Guinea just days after the final investment decision, saying the...

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