would love to know when this will start trading again!
" Under the CMRP-MMG agreement MMG will drop $A34.5 million on future rehabilitation and care and maintenance activities, and establish a special purpose trust of $12.1 million to meet existing community and stakeholder obligations and agreed community projects. MMG will guarantees loans of $193.7 million to meet Century mine’s financial assurance bond with the Queensland government for up to 10 years, with the bond to be progressively replaced through operating profits by December 2026. The Century mine has been in care and maintenance mode since early 2016 after its ore reserves were depleted. However, it still has more than 2 million tonnes of resources sitting in mineralised tailings and at the Silver King deposit and some substantial phosphate deposits. Attila also picks up world-class processing and logistics infrastructure as well as investments in agricultural land holdings and an established cattle business, as part of the deal. This includes a slurry pipeline; the Karumba port facility; transhipment vessel Wunma; and a 49% interest in the Lawn Hill & Riversleigh Pastoral Holding Company. Infrastructure on the mine site includes a scalable and adaptable 7 million tonne per annum mineral flotation processing plant; 700-person accommodation camp; offices; airport; full laboratory and grid power connectivity. "
AYA Price at posting:
19.5¢ Sentiment: Buy Disclosure: Held