Otmane El Rhazi : Kasbah raises cash and adapts strategy to lower tin price

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

Tin developer Kasbah Resources would raise some A$3-million to advance its Achmmach mine, in Morocco, despite taking the decision not to hunt for project financing given the current low metal prices. The company reported on Tuesday that it had received firm commitments from major shareholders for some 104.6-million new shares in the company, priced at 2.9c each.