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Bandanna Seeks Partnerships for Bowen Basin Project


Brisbane-based coal explorer Bandanna Energy (BND) is seeking for partnerships to help in funding the development of its mines in Queensland's Bowen Basin. Bandanna is currently pursuing discussions with a number of third parties interested for partnerships.

Murchison Funding Woes Continue


Murchison Metals (MMX) is struggling to keep its head above water as it admitted to facing grave financial challenges. The junior said it would be unable to bankroll the $5.94 billion Oakajee iron ore port and rail network in Western Australia.

Murchison Faces Funding Hurdles


Murchison Metals (MMX) is facing funding challenges for its share in the Oakajee Port and Rail project. One of its customers, Sinosteel, has placed a $2 billion weld project on hold due to ongoing delays in development.

Challenger Financial's Howard Mortgage Fund


Australian Diversified Financial company, Challenger Financial Services Group (ASX:CGF) has proposed to make $850 million, or 40 percent, of funds from the Howard Mortgage Fund, which was frozen in October 2008. The proposal, if approved by fund members on 28 October 2010, will see the capital made available to investors by December 2010.

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