Wollongong Coal seeks end to debt woes

WOLLONGONG Coal has secured a US$25 million debt facility from the Axis bank after defaulting on a loan with the Mauritius Commercial Bank.

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Wollongong Coal seeks end to debt woes Wollongong Coal seeks end to debt woes Wollongong Coal seeks end to debt woes Wollongong Coal seeks end to debt woes Wollongong Coal seeks end to debt woes

The company failed to reach an agreement with the Mauritius Commercial Bank over its debts and was forced to seek funding elsewhere, it said in a statement.

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