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Tin Explorers

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Consolidated Tin enters voluntary administration

Post By: Tom Mulqueen on Thursday, 21 July 2016

Tin explorer, Consolidated Tin Mines (CSD), entered voluntary administration on Tuesday following critical delays to discussions surrounding its working capital requirements and funding options. The company owns the Mount Garnet tin project and Surveyor base metal mine in North Queensland, Australia, from which it had been producing zinc, copper and lead.

The company ended the first quarter of 2016 with a $A 311,000 cash flow deficiency and remaining cash of just $A 53,000, following which it was forced to cease mining...

Strongbow completes South Crofty acquisition

Post By: Peter Kettle on Wednesday, 13 July 2016

Canadian-listed Strongbow Exploration Inc. completed the acquisition of the South Crofty tin project in Cornwall, UK, on 11 July. It has now agreed a deal with the administrator managing the affairs of the two companies (Western United Mines Ltd and Cornish Minerals Limited) that had previously owned it. In March it had announced agreements with creditors Galena Special Situations Fund (part of the Trafigura group) and stakeholders Tin Shield Production. Finalisation of the acquisition will now allow Strongbow to...

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