21st Jun 2013 08:18
MEDUSA MINING LIMITED ABN: 60 099 377 849 Unit 7, 11 Preston Street Como WA 6152 PO Box 860 Canning Bridge WA 6153 Telephone: +618-9367 0601 Facsimile: +618-9367 0602 Email: [email protected] Internet: www.medusamining.com.au |
ANNOUNCEMENT
21 June 2013
Co-O MILL EXPANSION PROJECT MANAGERS APPOINT ADMINISTRATORS
(ASX & LSE: MML)
Medusa Mining Limited ("Medusa" or the "Company") wishes to advise that the ASX listed entity, All Mine Group, the parent company of Arccon (WA) Pty Ltd who manage the Co-O Mill expansion, appointed WA Insolvency Solutions Pty Ltd as administrators on 20 June 2013 (see ASX announcement under ticker AZG dated 20 June). The Company was advised by letter Thursday evening 20th June.
Medusa is currently uncertain as to the timing and the effects on completion of the finishing touches to the mill and full circuit commissioning as dedicated commissioning personnel were scheduled to mobilise to site imminently. Discussions are expected with the administrators and direct communications with personnel on site are underway to minimise disruption to site activities.
The Company will provide further updates when more information becomes available.
For further information please contact:
Australia | |
Medusa Mining Limited | +61 8 9367 0601 |
Peter Hepburn-Brown, Managing Director | |
United Kingdom | |
SP Angel Corporate Finance LLP (Financial Adviser & Broker) | +44 (0)20 3463 2260 |
Ewan Leggat/Laura Littley |
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