Atlas Mining avails of P129M credit facility from BDO
By Riza T. Olchondra, Philippine Daily Inquirer
January 25, 2012

 MANILA, Philippines—Atlas Consolidated Mining and Development Corp. has taken out another loan from Banco de Oro Unibank Inc. (BDO).

The listed miner disclosed Tuesday that it availed itself of a P129-million credit facility from BDO.
The proceeds of the facility will be used to finance Atlas’ working capital requirements, according to Atlas.
Atlas has a work program to conduct exploration works around its mining subsidiary’s mining area in Cebu province.
The listed miner wants to increase the milling capacity of its subsidiary Carmen Copper Corp. (CCC) to around 60,000 tons per day by 2013. CCC’s present capacity is 40,000 tons per day.

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