CuDeco
(ASX:CDU) has received US$20 million from Mitsui & Co in accordance with its copper concentrate sales agreement.
It has also today announced repayment of US$15 million to China Minsheng Banking Corporation.
The company has in addition secured an extension of a loan worth $80 million Hong Kong dollars, or $13 million Australian dollars until the end of this month.
CuDeco’s loans also include $27.5 million to Sinosteel Equipment and Engineering and a $22 million convertible note facility with Gemstone.
The copper miner continues to progress negotiations with a number of parties to secure a longer term restructured complete financing facility.
Shares in CuDeco
(ASX:CDU) are trading at 37 cents a share.