Brakes applied to Cibaliung development

AUSTINDO Resources has formally halted the development of its flagship Cibaliung gold project in Indonesia, with the Melbourne-based company looking to conserve cash flow as it negotiates fresh funding arrangements.

Brakes applied to Cibaliung development Brakes applied to Cibaliung development Brakes applied to Cibaliung development Brakes applied to Cibaliung development Brakes applied to Cibaliung development

In a statement earlier this week, Austindo company secretary Andrew Cooke said the company had put all site works on hold in order to conserve cash, with development of Cibaliung to date being marred

loader
  • NEW: Digital version of PNG Report magazine - View here
  • Porgera: Barrick-PNG talks go on - Read more
  • Follow the companies investing in the PNG market - Read more

Most read Regions