Operations suspended at Baralaba pending Cockatoo restructure

February 8, 2016

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The Baralaba coal mine, in Queensland, has been placed on care and maintenance in order to preserve cash and the value of the asset, pending a restructure or sale of ASX-listed Cockatoo Coal.

Cockatoo went into administration in November last year, after a A$81-million bank guarantee facility from Australia and New Zealand Banking group was terminated in October.

Category: General