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Yunnan Tin to apply for up to 3.1B yuan in credit facilities

Yunnan Tin Co. Ltd. said Sept. 30 that its board has approved a plan to apply for up to 3.1 billion Chinese yuan in credit lines from commercial banks.

Details will be subject to individual agreements to be reached between the company and different banks, the company said.

As of Sept. 29, US$1 was equivalent to 6.67 Chinese yuan.