trending Market Intelligence /marketintelligence/en/news-insights/trending/af8h5flqgarm8pp6oipf0g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

CuDeco extends suspension of Rocklands copper operation for restructuring review

Essential Metals & Mining Insights - August 2020

State of the Market: Mining Q2-2020

Report Outlooks of Lithium and Cobalt

Essential Metals & Mining Insights July 2020


CuDeco extends suspension of Rocklands copper operation for restructuring review

CuDeco Ltd. said Oct. 17 that it will extend the suspension at its Rocklands copper mine in Queensland, Australia, for another two months as it undertakes a comprehensive review and restructure of the asset.

The company suspended operations at the mine on Aug. 31 and has since completed key maintenance activities, but it decided on the extension to make way for the review, which will incorporate optimized plant processes and restructure existing contracts, among others.

During this period, CuDeco will finalize a long-term funding agreement to support the review and allow it to complete certain audited accounts.

Meanwhile, the company said its Cloncurry Infrastructure Pty. Ltd. subsidiary defaulted on a US$2 million loan as a result of short-term funding challenges. This prompted PT Kemala Shipping to appoint a receiver to the entity.

Cloncurry Infrastructure owns most of the group's real estate assets in Cloncurry township over which PT Kemala holds first ranking security.

"This extended suspension is the logical next step in being able to finally achieve a profitable, sustainable operation which is not impeded by operational shortcomings or funding deficits," CuDeco Chairman Peter Hutchison said.