Stornoway Diamond files for bankruptcy for second time, stops operations at Quebec site
Mining News Pro - Stornoway Diamond Inc. is filing for bankruptcy protection for the second time in four years as the miner struggles to deal with volatile pricing on global markets.
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Visit: 221
Chinese Steel Manufacturers On The Brink Of Bankruptcy
Mining News Pro - Is it all doom and gloom for Chinese steel manufacturing? It’s hard to tell at the moment. Indeed, China finds itself in a precarious place financially. What’s more, a sizable section of global financial and stock analysts have predicted the crises will only get worse as the country prepares to face its toughest winter yet.
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Visit: 849
US bankruptcy court holds Kyrgyz gov’t in contempt over Kumtor seizure
Mining News Pro - The US Bankruptcy Court has ruled the Kyrgyz government is in contempt of court for continuing its legal actions locally against Canada’s Centerra Gold (TSX: CG; NYSE: CCAU) subsidiary, Kumtor Gold Company (KGC).
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Visit: 401
Centerra’s Kyrgyz units seek bankruptcy protection over Kumtor mine expropriation
Canada’s Centerra Gold (TSX: CG) announced late on Monday that its Kyrgyz subsidiaries have filed for bankruptcy in New York to protect investors and restructure the company, whose Kumtor gold mine was seized by the former soviet nation last month.
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Visit: 722
Samarco files for bankruptcy protection
Mining News Pro - Samarco Mineracao SA, a joint venture between Brazilian miner Vale SA and BHP Group Ltd, has filed for bankruptcy protection to prevent creditors’ claims from affecting its operations, Vale said in a Friday securities filing.
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Visit: 754
Cimento Tupi files for bankruptcy
Mining News Pro - Cimento Tupi has filed for so-called preventative bankruptcy to deal with its US$627m total debts, with the majority attributable to bondholders. The Valor Economico newspaper has reported that the cement producer has suffered due to a downturn in the sector since 2014 and currency depreciation.
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Visit: 1177
Peabody may be flirting with bankruptcy
Mining News Pro - Experts from the US-based Institute for Energy Economics and Financial Analysis published a commentary stating that Peabody Energy, —the world’s largest private coal miner— seems to be flirting with bankruptcy just three-and-a-half years after emerging from its previous default.
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Visit: 1041
Dominion Diamond unveils plan to avoid bankruptcy
Mining News Pro - Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually restart its idled Ekati mine in Canada’s Northwest Territories.
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Visit: 654
Foresight latest US coal miner to file for bankruptcy
Mining News Pro - Foresight Energy became on Tuesday the latest coal miner to file for bankruptcy, saying the global economic slowdown triggered by the coronavirus epidemic had pushed it over the edge.
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Visit: 771
Nemaska Lithium fights bankruptcy amid market glut
Mining News Pro - Canada’s Nemaska Lithium said on Monday it had filed for creditor protection, following several months of attempts to find new investors in order to continue operations.
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Visit: 871
Nemaska Lithium fights bankruptcy amid market glut
Mining News Pro - Canada’s Nemaska Lithium said on Monday it had filed for creditor protection, following several months of attempts to find new investors in order to continue operations.
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Visit: 709