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Allegiance secures $40m in funding for US mine

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Allegiance secures $40m in funding for US mine

Coal miner Allegiance Coal has secured a $40-million loan and an up to 40 000 t/m offtake agreement with New York-based financier Marco. The offtake agreement will run for a period of 12 months, starting in October, and Marco will have the right to extend the contract for another year, and at the expiry of the second year, for a possible third year.

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Allegiance secures $40m in funding for US mine

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Allegiance secures $40m in funding for US mine

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