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Consolidated Tin Mines appoints administrators

Australia-based miner Consolidated Tin Mines has appointed Hall Chadwick’s Blair Pleash and Kathleen Vouris as voluntary administrators, following the company’s failure to secure funding arrangements to address its working capital requirements. Consolidated Tin Mines has been engaged in negotiations regarding its working capital requirements and funding options for some time and the delay in receipt of working capital funding had caused “much concern and stress to the company”.