MANAGEMENT

Metarock gains $28.5M from equipment sale

METAROCK has made $28.5 million from the sale of mining equipment. The funds will be used for debt reduction and working capital.

Metarock said $20.8 million will be applied to debt reduction.

Metarock said $20.8 million will be applied to debt reduction.

The company said it had reached agreement for the sale of the second panel of major equipment intended for the Gregory Crinum longwall project in Queensland. Earlier this year Metarock took an extra...

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