Guess I found the reason why we got the settlement:
"News of the settlement came as Glencore announced it would invest about $150m into its Cobar copper mine in NSW. It said the investment would support a further 16 years of operation at Cobar, which was up for sale last month as it attempted to address concerns about its debt position."
(more)
http://www.4-traders.com/AURELIA-ME...ls--given-two-more-years-to-breathe-21478151/
From Glencore's POW Aurelia only made sense as part of the Cobar complex (CSA). Once the decision was made to continue their own mine, getting Aurelia going became a lot more interesting again from their POW ... Also means we should get some serious technical support to get the mine going ...
Guess I found the reason why we got the settlement: "News of the...
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