Middle East Economic Survey

VOL. XLVIII

No 24

13-June-2005

mauritania

Hardman Fulfills Conditions For First Drawdown On ANZ Loan For Chinguetti Development

Australias Hardman Resources announced on 7 June it had fulfilled all conditions precedent on its $100mn loan from Australia and New Zealand Banking Group (ANZ) for the development of the Chinguetti oilfield offshore Mauritania. The facility is available for immediate drawdown and will be used to finance Hardmans share of Chinguettis development...