Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
Iron-ore junior Pluton Energy was working to right its ship, announcing on Tuesday that it had reached an agreement with junior creditor Rizhao Port Group on a revised payment regime to satisfy debt owed to the Chinese firm. Rizhao instigated a near capsize of Pluton in early November this year, appointing receivers and managers to Pluton, which prompted fellow-listed Watpac to suspend an existing mining services contract at the Cockatoo Island project.
Iron-ore junior Pluton Energy was working to right its ship, announcing on Tuesday that it had reached an agreement with junior creditor Rizhao Port Group on a revised payment regime to satisfy debt owed to the Chinese firm. Rizhao instigated a near capsize of Pluton in early November this year, appointing receivers and managers to Pluton, which prompted fellow-listed Watpac to suspend an existing mining services contract at the Cockatoo Island project.
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