View ponders gold assets sale as nickel arm gets $19m fillip
Source - The West Australian
Failed Western Australian miner View Resources could divest its gold assets as part of a major restructure. View shareholder IMC Resource Investments has announced a $A19m loan to View Nickel. The cash injection will allow the miner to clear its debts with Investec Bank and provide its share of working capital for the development of the Carnilya Hill nickel mine, in which it has a 30% stake. IMC Resources downplayed suggestions View's gold assets could be sold, but noted its cash injection will go to View Nickel only. View Resources entered administration after a production shortfall at its Bronzewing gold mine left it unable to meet its debt obligations to Investec
