It appears as though China Sci-Tech Holdings do not anticipate any problems with the FIRB approving this sale process ( which will release $ 135 million in cash to CFE ) .
They are quoted in this weekend's Financial Review as saying that they expect the mine producing again by December . They have also nominated former Deutsche Bank executive Damon Barber as chief executive and former Oxiana chief Owen Hegarty to be vice-chairman and executive director .
Sourced from page 17 under the heading " Production deadline " .
This show of confidence should be good for the CFE SP as it removes any market uncertainty about the deal going ahead following the past 2 unsuccessful attempts to offload the asset by an IPO .
sale of lady annie
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