Gippsland Ltd. said project financing for its Egyptian Abu Dabbab tantalum-tin project is on track, and it does not foresee the recent international financial instability adversely affect project financing for the project.

The company added detailed negotiations with several engineering groups for the Abu Dabbab Engineering, Procurement, Construction Management (EPCM) contract have been undertaken during the past three months.

An EPCM contract is expected to be executed before the end of October this year, Gippsland said. – Thomson Financial