Not a lot to add but this is the followup text.
MELBOURNE, Feb 25 (Reuters) - Debt-laden OZ Minerals Ltdis still in "very positive" talks with its lenders, the miner said on Wednesday, after its shares dived on concerns that it might have trouble extending a refinancing deadline this week.
"We're in very good, productive talks with the banks, with a view to getting the extension we need by Friday," Oz Minerals' executive general manager, Bruce Loveday, told Reuters.
"The discussions are very positive," he said.
Oz Minerals shares earlier tumbled 20 percent amid concerns that its bankers might demand repayment of a loan this week despite an agreed takeover bid.
The world's second-largest zinc miner, due to repay at least A$140 million ($90.67 million) by Friday, agreed this month to a $1.7 billion takeover from Chinese state-owned metals trader Minmetals, but the deal still needs Australian approvals.
(Reporting by Sonali Paul, Editing by Mark Bendeich)
(([email protected]; +61 3 9286 1419; Reuters Messaging:
[email protected]))
Keywords: OZMINERALS/LENDERS
- Forums
- ASX - By Stock
- OZL
- news flash
news flash, page-5
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OZL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online