A dispute over debt arrangements which threatened to see mining company Aurelia Metals placed under administration has been settled. Glencore had a funding agreement in place with Aurelia, which operates the Hera Mine near Nymagee, but earlier this year attempted to have the company placed under administration claiming it had […]
Aurelia Metals has secured a Supreme Court injunction after attempts by Glencore to send the company into administration. Aurelia, which operates the Hera Mine near Nymagee, had an existing funding arrangement in place with Glencore which included regular loan repayments along with the option to convert debt repayments to shares. […]
Aurelia Metals will re-evaluate its funding options after processing plant issues at the Hera Mine saw it fail to reach full potential since declaring commercial production earlier this year. Aurelia’s managing director Rimas Kairaitis said the mine has continued to show improvements but is still not at expected performance levels. […]
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