More than 150 workers have lost their jobs and a further 45 employees are at risk after Queensland miner Aurora Metals entered voluntary administration following an unsuccessful public offering and plummeting zinc price.
KordaMentha has been appointed to oversee the sale and recapitalisation of the group’s mining and processing assets, which include zinc, copper, lead, gold and silver production facilities.
Aurora’s four underground mines and processing plants at Mt Garnet and Chillagoe in northern Queensland have been placed on care and maintenance, as well as various other prospects in development, the administrator said in a statement.
“The Aurora Metals Group will undoubtably attract interest given its portfolio of assets and the …
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