CuDeco, the owners of Rocklands Copper mine near Cloncurry is up for sale.
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Receivers of the Troubled mining company CuDeco (ASX: CDU), have seen expressions of interest from a range of local and international parties for a potential transaction to recapitalise the group.
In an ASX announcement on Friday (October 18), the receivers FTI Consulting noted their financial advisor Argonaut Securities had been seeking out potential buyers for the business.
"Argonaut and the Receivers have shortlisted a number of parties to conduct further due diligence with the expectation that parties that wish to submit a final binding offer in respect of one or more Potential Transactions will do so by 15 November 2019," FTI said.
"Further, funding has been made available to the Receivers by China Tonghai International Financial Limited, Noble Resources International Pte Ltd and Valuestone Global Resource Fund I LP via its subsidiary Gemstone 101 Ltd."
FTI Consulting will provide an update when the execution of any agreement concerning a potential transaction has been made.
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Samantha Campbell
Samantha Campbell (nee Walton) has worked for regional and rural publications across New South Wales, Queensland and the Northern Territory. She is currently writing for the North Queensland Register based in North West Queensland. Email: samantha.campbell@austcommunitymedia.com.au
Samantha Campbell (nee Walton) has worked for regional and rural publications across New South Wales, Queensland and the Northern Territory. She is currently writing for the North Queensland Register based in North West Queensland. Email: samantha.campbell@austcommunitymedia.com.au
