Karara receives $US200m lifeline

Steelmaking giant Ansteel has ended months of uncertainty over the future of the loss-making Karara magnetite operation, backing a new $US200 million ($278 million) lifeline to the struggling exporter. The move will be welcome relief for Karara staff and contractors, who were told in January its majority Chinese owner was unwilling to continue to bankroll…

Trade Finance – Creative Funding Option for Internationally Active Companies

As businesses continue to source overseas suppliers and open up new markets for their products, the impact on cash flow cannot be underestimated. Companies are now looking beyond traditional bank financing such as an overdraft to more creative methods that allow funding to be provided off the back of existing trade cycles. Businesses can then…

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