Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.
ASX-listed project house Watpac has given fellow-listed Pluton Resources two months in which to pay its debts, after the miner retired its receivers and managers. The Pluton administrators ordered Watpac in November last year to limit the scope of work being undertaken at the Cockatoo Island operations, after the mining services contract was suspended after Pluton’s junior Chinese creditor Rizhao Port Group appointed receivers and managers to Pluton.
ASX-listed project house Watpac has given fellow-listed Pluton Resources two months in which to pay its debts, after the miner retired its receivers and managers. The Pluton administrators ordered Watpac in November last year to limit the scope of work being undertaken at the Cockatoo Island operations, after the mining services contract was suspended after Pluton’s junior Chinese creditor Rizhao Port Group appointed receivers and managers to Pluton.
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