Oct 17 (Reuters) - CuDECO Ltd (CDU) :
- ANNOUNCED IMPLEMENTATION OF PLAN FOR OPERATIONAL AND FINANCIAL RESTRUCTURING OF ITS FLAGSHIP ROCKLANDS PROJECT
- ANNOUNCED IMPLEMENTATION OF COMPREHENSIVE PLAN FOR OPERATIONAL AND FINANCIAL RESTRUCTURING OF FLAGSHIP ROCKLANDS PROJECT
- ANTICIPATED THAT FORMAL REMEDIAL PROGRAM WILL TAKE A FURTHER TWO MONTHS TO FULLY IMPLEMENT
- MINING AND PROCESSING OPERATIONS AT ROCKLANDS PROJECT WILL REMAIN IN A SUSPENDED STATE DURING THIS TIME
- CO'S WHOLLY OWNED ENTITY, CLONCURRY INFRASTRUCTURE PTY LTD, HAS DEFAULTED ON REPAYMENT OF A LOAN $US2.0 MILLION
- WILL FINALISE A LONG-TERM FUNDING ARRANGEMENT WHICH WILL FACILITATE OPERATIONAL RESTRUCTURE
