Appian pulls backing from Mayur’s PNG lime project

MANAGEMENT

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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