suspension update !, page-4

bet it has somthing to do with this.

ZYL ANNOUNCES PREFERRED DEBT-FUNDING PARTNERS
Johannesburg, South Africa. 26 April 2012. ZYL Limited (ASX: ZYL), the Perth-based emerging anthracite producer, has completed the initial stage of its debt funding process, and is pleased to announce that is has selected two preferred bidders for the project financing of its Mbila Anthracite Project in the KwaZulu-Natal province.
They are Standard Chartered Bank and Nedbank Capital.
Standard Chartered Bank has a presence in over 70 markets worldwide and is a global leader in the area of resources project finance. This international bank has been in Africa for 150 years, with an established network in 16 African countries, including specialised regional project finance expertise based in South Africa
Nedbank Capital is the investment banking business of the Nedbank Group, one of the four largest banking groups in South Africa. Its Resources Finance team has emerged as a formidable mining finance force, with the team having arranged, underwritten and participated in a number of significant transactions around the world.
Both banks have been involved with a number of significant coal industry transactions in recent years.
ZYL Chief Executive Officer Ian Benning said: “We are greatly encouraged by the competitive character of the funding proposals received, and are delighted to be associated, going forward, with the two high-calibre institutions selected.
“Both banks have provided indicative proposals of between A$60-75 million, and ZYL will work with each towards development of mutually acceptable funding terms.”