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CuDeco

Jul 04, 2020
New chapter in the wind for Rocklands mine

New chapter in the wind for Rocklands mine

The owners of the Mount Cuthbert mine in North West Queensland have reached an agreement to take on the assets of failed copper miner CuDeco. A spokesman for receivers FTI Consulting confirmed a deal had been reached, but said details were not yet available. Operations at CuDeco’s Rocklands copper mine at Cloncurry have been suspended… ...

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May 01, 2020
Rocklands copper miner goes into liquidation

Rocklands copper miner goes into liquidation

CuDeco has gone into liquidation after the deadline passed this week to execute a Deed of Company Arrangement which included a proposal to merge the business with another North West Queensland mining operation. Meanwhile, retail shareholders are planning a class action over the collapse of the Rocklands copper mine operator. Shareholder representative Stuart McCullagh said… ...

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Apr 03, 2020
Potential CuDeco merger deal with Mt Cuthbert

Potential CuDeco merger deal with Mt Cuthbert

A merger involving failed Rocklands copper mine operator CuDeco and Mt Cuthbert Resources is on the table under a proposal to be put to creditors. A phone hook-up is planned next Tuesday for creditors of CuDeco, which went into administration last year and is estimated to have debts around $190 million. A report from the… ...

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Jan 31, 2020
Another delay for CuDeco creditors

Another delay for CuDeco creditors

Administrators for failed miner CuDeco have been granted another extension on the timing of the second creditors’ meeting. It will now be held in Mount Isa on March 31 rather than February 7. Operations at CuDeco’s Rocklands copper mine at Cloncurry have been suspended since August 2018 and receivers and administrators were appointed last year…. ...

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Jan 23, 2020
Katter calls for CuDeco mining investigation

Katter calls for CuDeco mining investigation

Federal Member for Kennedy Bob Katter is calling for an inquiry into the dealings of failed Rocklands mine owners CuDeco. “We are calling for a forensic investigation and hope for once ASIC will make an effort to be a real watch dog instead of what they are universally recognised as, a lap dog,” the KAP… ...

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Dec 04, 2019
Rocklands gear goes under the hammer

Rocklands gear goes under the hammer

Updated December 5 Gray’s Online has auctioned vehicles and equipment from CuDeco’s Rocklands mine near Cloncurry as receivers finalise a campaign seeking interest in the failed copper operator. The items under the hammer in an auction ending at 7pm Queensland time December 4 included a swag of utes, as well as buses, a crane, a… ...

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Oct 21, 2019
Potential buyers shortlisted after CuDeco collapse

Potential buyers shortlisted after CuDeco collapse

The receivers for failed Cloncurry copper miner CuDeco say they have sought and gained expressions of interest from a range of local and international parties. The process undertaken by financial advisor Argonaut Securities was seeking offers to recapitalise and/or acquire the company or to acquire its assets. In a market update, FTI Consulting said the… ...

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Oct 09, 2019
Plea to help Rocklands workers claw back cash

Plea to help Rocklands workers claw back cash

State MP Robbie Katter is calling for the Queensland Attorney-General to take steps to ensure all former employees of the failed Rocklands copper mine are paid their dues. The non-payment of staff at the CuDeco operation outside of Cloncurry first became an issue late last year, the member for Traeger said. Mr Katter said dozens… ...

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May 01, 2019
Update on stalled Rocklands copper operation

Update on stalled Rocklands copper operation

Rocklands operator CuDeco has released its quarterly report today, outlining the state of play for the stalled copper operation. Operational activities at the Cloncurry mine remain suspended indefinitely while the company attempts to restructure its finances. CuDeco reported that it had recently refinanced convertible note facilities of almost $30 million with a secured convertible loan… ...

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