July 23 (Reuters) - CuDECO Ltd CDU.AX :
* Applied to drawdown a further US$5 million under terms of existing facility and a further US$35 million which was originally approved by Minsheng Bank
* Mining crew has been reduced to one shift working on a seven day on and seven day off roster to reduce mining costs at this time
* Tony Wu has advised that they have agreed with China Oceanwide International Investment and Sinosteel Equipment and Engineering to provide short term loan to Cudeco Limited
* Says the reduction of the mining crew was for 18 employees
* Source text for Eikon ID:nASX7rv8dC