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Avocet Mining Appointed Joint Administrators

Mining News - Published on Fri, 23 Aug 2019

Image Source: Avocet Mining
Reuters reported that gold miner Avocet Mining Plc appointed Mr Paul Williams and Geoffrey Bouchier from Duff & Phelps Ltd as joint administrators, as it started its insolvency process. The appointments, effective August 21st, come a few months after the struggling gold miner said its board proposed voluntary liquidation of the company as it faced mounting debt.

Last week, the West Africa-focussed miner said it would pursue a formal insolvency process by appointing administrators to the company, but also remained open to exploring “viable funded investment opportunities”.

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Posted By : Sanju Moirangthem on Fri, 23 Aug 2019
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