The Australian mining company Mustang Resources on Thursday announced that it has raised a loan of 8.5 million Australian dollars (about 6.7 million US dollars, at current exchange rates) to help cover the expense of developing its ruby mine in Montepuez, in the northern Mozambican province of Cabo Delgado. According to the company’s managing director, … Continue reading Mustang Resources secures loan for Montepuez ruby project