According to this story, VA was initiated after HNC withdrew...

According to this story, VA was initiated after HNC withdrew it's JV support. Now, did they make this decision on their own volition or were they coerced for mutual benefit...

Compass at point of no return
Abstracted from The Sydney Morning Herald

Northern Territory cobalt, copper and nickel mining group Compass Resources has been placed into voluntary administration, following the withdrawal of assistance by Chinese group Hunan Nonferrous Metals. The latter has been suffering loses due to the weakening global economy and lower commodities demand, and will no longer help fund Compass's $A205m Browns Oxide development that was plagued by cost over-runs


Distributed by News Bites. Copyright 2008 LexisNexis Australia. All Rights Reserved