Curragh leases back heavy equipment

CORANDO Global Resources has concluded the sale and leaseback of selected heavy mobile equipment assets owned by its Curragh mine in Queensland, which generated cash proceeds of $30.2 million in January.

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Curragh has started to sell certain non-core assets as part of its plan to preserve capital.

The company said that during the fourth quarter of FY20 it had started to sell certain non-core assets as part of its plan to preserve capital during a period of uncertain economic conditions without