mining approval approved , page-16

Simple Simon, CS lost half their mine finance team not long after the initial deal was done & they have a very full book of junior mining project finance deals, so not surprising they are looking for a partner. I also think it was Mutiny that wanted an Aussie bank on board particularly due to the credit tightness of European banks. WLB pulled out of two mine finance deals about year ago just as they were about to be signed off due to the European credit crisis, so having an Aussie on board will be a good thing for the long term prospects & future mine developments that MYG are looking to do. Remember CS were in for $11M at a very early stage to secure the deal. Aussie banks are more conservative in this space, but give a great balance sheet once they get comfortable with the assets & management etc. I imagine it wont be long before we know which of the big four stepped up.