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Burgundy Diamond Mines Unlocks US$45M Working Capital Boost with Macquarie Fuel Deal
8:25am on Monday 17th of February, 2025 AEDT
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Mining
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Burgundy Diamond Mines Unlocks US$45M Working Capital Boost with Macquarie Fuel Deal
8:25am on Monday 17th of February, 2025 AEDT
Key Points
Innovative diesel fuel offtake agreement signed with Macquarie Bank subsidiary
Agreement enables Macquarie to own and supply diesel on demand at Ekati mine
Expected working capital benefit of approximately US$45 million in Q1 2025
Reduces seasonal volatility of operating cash outflows for Burgundy
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