Monday 18 May 2015

Otmane El Rhazi : Gindalbie halts share trading on funding talks

Otmane El Rhazi from Mining Weekly | Ferrous Metals Home.

ASX-listed Gindalbie Metals went into a trading halt on Monday, with the company saying it was negotiating a long-term financing transaction. The embattled iron-ore miner has been working to cut back on costs as its Karara joint venture (JV), which was yet to meet its nameplate capacity of eight-million tonnes a year.

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