09
Sep
01:00
General Nice surrenders on Pluton
Australian iron ore miner Pluton went into administration again this week after Hong Kong-registered backer General Nice Resources (GNR) decided it was the best way to resume operations. The company is now negotiating with creditors and aims to continue is arduous recapitalisation process, although financing is now likely to come almost entirely from GNR, Kallanish notes.
The notice to the Australian Securities Exchange (ASX) on Monday says that GNR will pro…
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Anonymous
Very good overview of the weekly steel market.
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