CDU cudeco limited
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Oct 17 (Reuters) - CuDECO Ltd (CDU) : ANNOUNCED IMPLEMENTATION...

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    17/10/18
    20:45
    Post #: 36163365

    Oct 17 (Reuters) - CuDECO Ltd (CDU) :

    • ANNOUNCED IMPLEMENTATION OF PLAN FOR OPERATIONAL AND FINANCIAL RESTRUCTURING OF ITS FLAGSHIP ROCKLANDS PROJECT
    • ANNOUNCED IMPLEMENTATION OF COMPREHENSIVE PLAN FOR OPERATIONAL AND FINANCIAL RESTRUCTURING OF FLAGSHIP ROCKLANDS PROJECT
    • ANTICIPATED THAT FORMAL REMEDIAL PROGRAM WILL TAKE A FURTHER TWO MONTHS TO FULLY IMPLEMENT
    • MINING AND PROCESSING OPERATIONS AT ROCKLANDS PROJECT WILL REMAIN IN A SUSPENDED STATE DURING THIS TIME
    • CO'S WHOLLY OWNED ENTITY, CLONCURRY INFRASTRUCTURE PTY LTD, HAS DEFAULTED ON REPAYMENT OF A LOAN $US2.0 MILLION
    • WILL FINALISE A LONG-TERM FUNDING ARRANGEMENT WHICH WILL FACILITATE OPERATIONAL RESTRUCTURE
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